Shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR – Get Free Report) dropped 1.4% during trading on Friday . The stock traded as low as $0.68 and last traded at $0.73. Approximately 378,412 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 509,327 shares. The stock had previously closed at $0.74.
New Horizon Aircraft Stock Down 1.4 %
The stock’s fifty day simple moving average is $1.48.
New Horizon Aircraft Company Profile
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.
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