Drone Delivery Canada (CVE:FLT) Trading Up 1.5%

Drone Delivery Canada Corp. (CVE:FLTGet Rating) shares were up 1.5% during mid-day trading on Tuesday . The stock traded as high as C$0.34 and last traded at C$0.34. Approximately 43,487 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 122,417 shares. The stock had previously closed at C$0.33.

Drone Delivery Canada Trading Up 1.5 %

The firm has a 50-day moving average price of C$0.36 and a 200-day moving average price of C$0.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 11.39 and a current ratio of 11.69. The stock has a market cap of C$75.11 million and a PE ratio of -5.40.

Drone Delivery Canada (CVE:FLTGet Rating) last posted its quarterly earnings results on Monday, August 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$0.20 million during the quarter. As a group, equities analysts anticipate that Drone Delivery Canada Corp. will post -0.01 EPS for the current fiscal year.

About Drone Delivery Canada

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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.

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