Volatus Aerospace Corp. (CVE:VOL – Free Report) shares fell 2.2% on Friday. The company traded as low as C$0.22 and was last seen at C$0.22. About 128,502 shares changed hands during midday trading, up 57% from the average daily volume of 81,978 shares. The stock had previously closed at C$0.23.
Price development of Volatus Aerospace shares
The stock’s 50-day moving average is CAD $0.19 and its 200-day moving average is CAD $0.15. The company has a market cap of CAD $26.37 million, a P/E ratio of -2.33 and a beta of 0.37.
Volatus Aerospace (CVE:VOL – Free Report) last released its earnings results on Tuesday, May 28. The company reported earnings per share of C$0.02 for the quarter, beating analysts’ consensus estimates of C$0.02. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 86.91%. The company had revenue of C$6.62 million for the quarter, compared to analyst estimates of C$10.30 million.
About Volatus Aerospace
(Get free report)
Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, Latin America and the rest of Europe. The company offers drone services that include infrastructure inspection, mapping, surveying and imaging, public safety and defense equipment, and drone cargo and delivery solutions.
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