New Horizon Aircraft (NASDAQ:HOVRW) Trading Down 0.5% – Time to Sell?

New Horizon Aircraft Ltd. (NASDAQ:HOVRWGet Free Report)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $0.3412 and last traded at $0.3880. Approximately 78,918 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 111,474 shares. The stock had previously closed at $0.3901.

New Horizon Aircraft Trading Down 14.3%

The firm’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.35.

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. The company was founded in 2013 and is headquartered in Lindsay, Canada.

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