Volatus Aerospace (TSE:FLT) Stock Price Down 3.8% – Time to Sell?

Volatus Aerospace Inc. (TSE:FLT)’s stock price was down 3.8% during mid-day trading on Friday . The stock traded as low as C$0.49 and last traded at C$0.50. Approximately 1,064,501 shares changed hands during trading, a decline of 38% from the average daily volume of 1,726,614 shares. The stock had previously closed at C$0.52.

Volatus Aerospace Price Performance

The stock has a market cap of C$367.70 million, a P/E ratio of -12.50 and a beta of 2.93. The business has a 50-day simple moving average of C$0.52 and a 200 day simple moving average of C$0.68. 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) EPS for the quarter. The company 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%. On average, analysts forecast that Volatus Aerospace Inc. will post -0.01 earnings per share for the current year.

About Volatus Aerospace

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.