Drone Delivery Canada (CVE:FLT) Price Target Cut to C$32.00 by Analysts at Ventum Financial

Drone Delivery Canada (CVE:FLT - Free Report) had its target price trimmed by Ventum Financial from C$38.00 to C$32.00 in a report issued on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Drone Delivery Canada Stock Performance

CVE FLT traded down C$0.01 during trading hours on Wednesday, hitting C$0.18. 381,569 shares of the company's stock traded hands, compared to its average volume of 419,431. The business's fifty day moving average price is C$0.18 and its two-hundred day moving average price is C$0.17. Drone Delivery Canada has a 52 week low of C$0.10 and a 52 week high of C$0.38. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. The firm has a market capitalization of C$80.24 million, a P/E ratio of -3.55 and a beta of 0.94.

Drone Delivery Canada Company Profile

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.