Drone Delivery Canada Corp. (CVE:FLT - Get Free Report)'s stock price was down 3.7% during mid-day trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 52,164 shares changed hands during trading, a decline of 81% from the average daily volume of 269,784 shares. The stock had previously closed at C$0.14.
Wall Street Analysts Forecast Growth
Separately, Ventum Cap Mkts upgraded shares of Drone Delivery Canada to a "strong-buy" rating in a research note on Monday, September 9th.
Read Our Latest Report on FLT
Drone Delivery Canada Stock Down 3.7 %
The company has a debt-to-equity ratio of 6.90, a quick ratio of 9.02 and a current ratio of 0.59. The company's 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.17. The stock has a market capitalization of C$58.37 million, a P/E ratio of -3.25 and a beta of 0.94.
Drone Delivery Canada Company Profile
(
Get Free Report)
Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Drone Delivery Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Drone Delivery Canada wasn't on the list.
While Drone Delivery Canada currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
