Volatus Aerospace Inc. (TSE:FLT – Get Free Report) fell 3.8% during trading on Friday . The company traded as low as C$0.49 and last traded at C$0.50. Approximately 1,064,501 shares were traded during mid-day trading, a decline of 38% from the average session volume of 1,726,614 shares. The stock had previously closed at C$0.52.
Volatus Aerospace Stock Down 3.8%
The company has a current ratio of 0.71, a quick ratio of 9.02 and a debt-to-equity ratio of 566.20. The stock has a market cap of C$367.70 million, a P/E ratio of -12.50 and a beta of 2.93. The firm has a 50-day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.68.
Volatus Aerospace (TSE:FLT – Get Free Report) last announced its earnings results on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share (EPS) for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The business had revenue of C$8.42 million during the quarter. Equities research analysts expect that Volatus Aerospace Inc. will post -0.01 earnings per share for the current fiscal year.
About Volatus Aerospace
Volatus Aerospace Inc provides integrated aerial intelligence, drone logistics and aerospace solutions internationally.
The company offers drone inspection, surveillance, lidar, geomatics, mapping, pipeline monitoring, wildfire support, crewed aviation, drone delivery and training services, as well as remotely piloted aircraft systems and related software platforms. It serves customers in industries including oil and gas, energy and utilities, defense, construction and engineering, infrastructure, mining, agriculture, government, public safety and property development.
The company was formed through the merger of Drone Delivery Canada Corp.
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