Drone Delivery Canada (CVE:FLT) Shares Down 3.6% – Should You Sell?

Drone Delivery Canada Corp. (CVE:FLT) was down 3.6% on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 96,251 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 386,332 shares. The stock had previously closed at C$0.14.

Analyst Ratings Changes

Separately, Ventum Financial cut their price target on Drone Delivery Canada from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, March 26th.

Drone Delivery Canada Stock Performance

The firm has a market cap of C$61.90 million, a PE ratio of -2.74 and a beta of 0.94. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02. The stock has a 50-day moving average price of C$0.16 and a 200 day moving average price of C$0.16.

About Drone Delivery Canada

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.