Draganfly (OTCMKTS:DFLYF) Trading Down 6.9% – Here’s Why

Shares of Draganfly Inc. (OTCMKTS:DFLYF) traded down 6.9% during mid-day trading on Friday . The company traded as low as $5.67 and last traded at $5.98. 1,656,106 shares were traded during trading, an increase of 53% from the average session volume of 1,080,169 shares. The stock had previously closed at $6.42.

Draganfly Stock Performance

The business has a 50 day moving average price of $5.89 and a 200-day moving average price of $6.83.

Draganfly Company Profile

Draganfly (OTCMKTS:DFLYF) is a Canadian-based developer and manufacturer of unmanned aerial vehicles (UAVs) and drone systems for commercial, industrial and government applications. The company designs and produces a range of aerial platforms, including quadcopters, hexacopters and fixed-wing drones equipped with high-resolution cameras, thermal and multispectral sensors. Draganfly’s integrated solutions combine hardware, software and data services to support site inspection, public safety, search and rescue, precision agriculture and environmental monitoring.

Founded in 1998 by Zenon Dragan, Draganfly introduced one of the world’s first commercial helicopter drones and has maintained its head office in Saskatoon, Saskatchewan.