Shares of Volatus Aerospace Inc. (TSE:FLT – Get Free Report) traded up 1.9% during trading on Tuesday . The company traded as high as C$0.56 and last traded at C$0.55. Approximately 739,844 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,951,596 shares. The stock had previously closed at C$0.54.
Volatus Aerospace Trading Down 5.6%
The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20. The firm has a market cap of C$372.18 million, a P/E ratio of -12.75 and a beta of 2.94. The firm’s fifty day moving average is C$0.66 and its two-hundred day moving average is C$0.71.
Volatus Aerospace (TSE:FLT – Get Free Report) last posted its earnings results on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%.The company had revenue of C$7.30 million during the quarter. Analysts predict that Volatus Aerospace Inc. will post -0.01 earnings per share for the current fiscal year.
About Volatus Aerospace
Volatus Aerospace Inc provides integrated aerial intelligence, drone logistics and aerospace solutions internationally.
The company offers drone inspection, surveillance, lidar, geomatics, mapping, pipeline monitoring, wildfire support, crewed aviation, drone delivery and training services, as well as remotely piloted aircraft systems and related software platforms. It serves customers in industries including oil and gas, energy and utilities, defense, construction and engineering, infrastructure, mining, agriculture, government, public safety and property development.
The company was formed through the merger of Drone Delivery Canada Corp.
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