Drone Delivery Canada (CVE:FLT) Posts Earnings Results

Drone Delivery Canada (CVE:FLT) issued its quarterly earnings results on Wednesday. The company reported C($0.01) earnings per share (EPS) for the quarter, reports. The firm had revenue of C$0.27 million during the quarter.

Drone Delivery Canada Stock Down 2.4 %

Shares of CVE FLT opened at C$0.21 on Friday. The firm’s 50-day moving average is C$0.23 and its 200-day moving average is C$0.23. The company has a current ratio of 9.51, a quick ratio of 9.02 and a debt-to-equity ratio of 5.12. Drone Delivery Canada has a 1 year low of C$0.15 and a 1 year high of C$0.43. The firm has a market capitalization of C$45.96 million, a PE ratio of -5.13 and a beta of 0.87.

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.