Drone Delivery Canada (CVE:FLT) Shares Down 5.1%

Drone Delivery Canada Corp. (CVE:FLT – Get Rating)’s stock price dropped 5.1% during mid-day trading on Thursday . The company traded as low as C$0.56 and last traded at C$0.56. Approximately 71,193 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 158,593 shares. The stock had previously closed at C$0.59.

The stock has a market capitalization of C$125.55 million and a PE ratio of -9.03. The stock has a fifty day moving average of C$0.55 and a 200-day moving average of C$0.65. The company has a quick ratio of 14.16, a current ratio of 14.45 and a debt-to-equity ratio of 1.43.

Drone Delivery Canada (CVE:FLT – Get Rating) last released its earnings results on Thursday, March 24th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$0.12 million during the quarter, compared to analysts’ expectations of C$0.10 million. Equities research analysts expect that Drone Delivery Canada Corp. will post -0.01 EPS for the current year.

About Drone Delivery Canada (CVE:FLT)

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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