Drone Delivery Canada (CVE:FLT) Shares Up 5.9%

Shares of Drone Delivery Canada Corp. (CVE:FLT) shot up 5.9% during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. 68,802 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 155,684 shares. The stock had previously closed at C$0.26.

Drone Delivery Canada Trading Up 11.8 %

The firm has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.36. The company has a current ratio of 15.22, a quick ratio of 9.02 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of C$63.90 million, a price-to-earnings ratio of -5.10 and a beta of 0.95.

Drone Delivery Canada (CVE:FLT) last issued its quarterly earnings results on Thursday, August 17th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$0.18 million during the quarter. As a group, equities analysts predict that Drone Delivery Canada Corp. will post -0.01 EPS for the current fiscal year.

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.