Drone Delivery Canada (CVE:FLT) PT Set at C$0.85 by Stifel Nicolaus

Drone Delivery Canada (CVE:FLT) received a C$0.85 price target from equities researchers at Stifel Nicolaus in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 41.67% from the stock’s previous close.

Drone Delivery Canada Trading Up 7.1%

FLT stock traded up C$0.04 during trading on Thursday, hitting C$0.60. The company had a trading volume of 480,478 shares, compared to its average volume of 1,749,346. Drone Delivery Canada has a 52-week low of C$0.12 and a 52-week high of C$0.97. The company has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.50. The firm has a market capitalization of C$373.32 million, a P/E ratio of -20.00 and a beta of 2.42. The company has a quick ratio of 9.02, a current ratio of 0.46 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.