Shares of New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report) traded down 6.1% on Tuesday . The company traded as low as $0.3750 and last traded at $0.3850. 5,989 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 60,333 shares. The stock had previously closed at $0.4099.
New Horizon Aircraft Stock Performance
The business’s 50 day moving average is $0.38 and its two-hundred day moving average is $0.38.
New Horizon Aircraft Company Profile
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
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