Shares of Drone Aviation Holding Corp (OTCMKTS:DRNE – Get Free Report) shot up 4.5% on Monday. The company traded as high as $1.20 and last traded at $1.15. Approximately 48,300 shares changed hands during trading, an increase of 53% from the average daily volume of 31,629 shares. The stock had previously closed at $1.10.
Drone Aviation Stock Performance
The firm’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.15.
Drone Aviation Company Profile
Drone Aviation Corporation develops and supplies tethered unmanned aerial systems and aerostat-based technologies designed to provide persistent aerial surveillance, communications, and situational awareness. Its systems are intended to remain aloft for extended periods while connected to a ground-based power and control system.
The company’s product portfolio has included the Winch Aerostat Small Platform (WASP), a compact tethered aerostat system designed to carry payloads such as electro-optical and infrared cameras, communications equipment, and other sensors.
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