Volatus Aerospace (TSE:FLT) Stock Price Down 3.1% – Here’s What Happened

Volatus Aerospace Inc. (TSE:FLT)’s stock price fell 3.1% on Tuesday . The company traded as low as C$0.47 and last traded at C$0.47. 1,215,374 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 1,861,088 shares. The stock had previously closed at C$0.48.

Volatus Aerospace Stock Down 3.1%

The firm’s 50 day moving average is C$0.57 and its 200-day moving average is C$0.69. The firm has a market cap of C$342.99 million, a PE ratio of -11.75 and a beta of 2.98. The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20.

Volatus Aerospace (TSE:FLT) last released its earnings results on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. The firm had revenue of C$7.30 million during the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%. As a group, equities research analysts expect that Volatus Aerospace Inc. will post -0.01 earnings per share for the current fiscal year.

Volatus Aerospace Company Profile

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.