Volatus Aerospace (TSE:FLT) Shares Down 10.5% – What’s Next?

Shares of Volatus Aerospace Inc. (TSE:FLT) were down 10.5% during trading on Friday . The company traded as low as C$0.47 and last traded at C$0.51. Approximately 2,469,029 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 1,831,892 shares. The stock had previously closed at C$0.57.

Volatus Aerospace Price Performance

The business’s fifty day moving average price is C$0.55 and its 200-day moving average price is C$0.69. The company has a market capitalization of C$364.89 million, a P/E ratio of -12.50 and a beta of 2.98. The company has a current ratio of 0.71, a quick ratio of 9.02 and a debt-to-equity ratio of 566.20.

Volatus Aerospace (TSE:FLT) last posted its quarterly earnings data on Thursday, August 13th. The aerospace company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$8.42 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, sell-side analysts predict 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.