Drone Delivery Canada (CVE:FLT) Given New C$32.00 Price Target at Ventum Financial

Drone Delivery Canada (CVE:FLT) had its price target lowered by Ventum Financial from C$38.00 to C$32.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

Drone Delivery Canada Stock Performance

FLT stock opened at C$0.19 on Wednesday. The stock’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.17. Drone Delivery Canada has a 12-month low of C$0.10 and a 12-month high of C$0.38. The firm has a market cap of C$84.83 million, a P/E ratio of -3.75 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19.

Drone Delivery Canada Company Profile

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.