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

Drone Delivery Canada (CVE:FLT) had its target price decreased by equities researchers at Ventum Financial from C$38.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Drone Delivery Canada Price Performance

CVE FLT opened at C$0.18 on Wednesday. The company has a 50 day moving average price of C$0.18 and a two-hundred day moving average price of 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 stock has a market capitalization of C$82.54 million, a PE ratio of -3.65 and a beta of 0.94. The company has a quick ratio of 9.02, a current ratio of 0.46 and a debt-to-equity ratio of 67.19.

About Drone Delivery Canada

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.