Volatus Aerospace (TSE:FLT) Trading Down 10.5% – What’s Next?

Volatus Aerospace Inc. (TSE:FLT) was down 10.5% during mid-day trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.51. 2,469,029 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 1,831,892 shares. The stock had previously closed at C$0.57.

Volatus Aerospace Stock Down 12.3%

The stock’s 50 day moving average is C$0.55 and its 200 day moving average is C$0.69. The company has a market capitalization of C$364.89 million, a PE ratio of -12.50 and a beta of 2.98. The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71.

Volatus Aerospace (TSE:FLT) last released its quarterly earnings data on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The business had revenue of C$8.42 million during the quarter. On average, sell-side analysts anticipate that Volatus Aerospace Inc. will post -0.01 EPS 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.