New Horizon Aircraft (NASDAQ:HOVRW) Trading Up 0.4% – Still a Buy?

New Horizon Aircraft Ltd. (NASDAQ:HOVRWGet Free Report) was up 0.4% during trading on Wednesday . The stock traded as high as $0.25 and last traded at $0.21. Approximately 60,722 shares traded hands during trading, a decline of 39% from the average daily volume of 99,298 shares. The stock had previously closed at $0.21.

New Horizon Aircraft Trading Up 0.4%

The firm’s fifty day simple moving average is $0.25 and its 200 day simple moving average is $0.12.

About New Horizon Aircraft

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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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