New Horizon Aircraft (NASDAQ:HOVR) Trading Down 9.3%

New Horizon Aircraft Ltd. (NASDAQ:HOVRGet Free Report) shares were down 9.3% on Thursday . The company traded as low as $0.85 and last traded at $0.85. Approximately 58,554 shares changed hands during trading, a decline of 50% from the average daily volume of 117,793 shares. The stock had previously closed at $0.94.

New Horizon Aircraft Trading Down 9.3 %

The firm has a 50-day moving average of $2.00.

About New Horizon Aircraft

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New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.

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