New Horizon Aircraft (NASDAQ:HOVRW) Trading Down 1.3% – Here’s Why

Shares of New Horizon Aircraft Ltd. (NASDAQ:HOVRWGet Free Report) dropped 1.3% on Wednesday . The stock traded as low as $0.3851 and last traded at $0.39. Approximately 10,871 shares were traded during trading, a decline of 91% from the average daily volume of 118,322 shares. The stock had previously closed at $0.3953.

New Horizon Aircraft Trading Down 1.3%

The company’s fifty day moving average price is $0.40 and its two-hundred day moving average price is $0.26.

New Horizon Aircraft Company Profile

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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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