Drone Delivery Canada (OTCMKTS:TAKOF) Trading 6.5% Higher – Here’s Why

Drone Delivery Canada Corp. (OTCMKTS:TAKOFGet Free Report)’s stock price was up 6.5% during mid-day trading on Thursday . The company traded as high as $0.4418 and last traded at $0.4385. Approximately 176,499 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 374,642 shares. The stock had previously closed at $0.4116.

Drone Delivery Canada Trading Up 6.5%

The stock’s 50 day moving average price is $0.50 and its 200 day moving average price is $0.48.

Drone Delivery Canada Company Profile

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Drone Delivery Canada Inc (OTCMKTS:TAKOF) is a Canadian technology company that designs, engineers and operates an end-to-end drone logistics network. Founded in 2014 and headquartered in Vaughan, Ontario, the company focuses on delivering mission-critical payloads beyond visual line of sight (BVLOS) over land and water. Its integrated system combines proprietary unmanned aerial vehicles (UAVs), ground-based launch and landing stations (LLS), and a cloud-based operations platform to enable automated parcel transport in areas with limited or no road access.

At the core of Drone Delivery Canada’s offering is its fleet of heavy-lift drones capable of carrying payloads up to 10 kilograms per flight, supported by the High-Speed Aerial Logistics Operating System (HALOS) for route planning, scheduling and airspace management.

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