Volatus Aerospace (TSE:FLT) Shares Down 3.1% – Time to Sell?

Shares of Volatus Aerospace Inc. (TSE:FLT) were down 3.1% on Tuesday . The company traded as low as C$0.47 and last traded at C$0.47. Approximately 1,215,374 shares were traded during trading, a decline of 35% from the average session volume of 1,861,088 shares. The stock had previously closed at C$0.48.

Volatus Aerospace Trading Up 8.3%

The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71. The firm has a market cap of C$379.48 million, a price-to-earnings ratio of -13.00 and a beta of 2.98. The business has a fifty day simple moving average of C$0.57 and a 200-day simple moving average of C$0.69.

Volatus Aerospace (TSE:FLT) last announced its quarterly earnings results on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. The firm had revenue of C$7.30 million for the quarter. As a group, equities analysts forecast that Volatus Aerospace Inc. will post -0.01 earnings per share for the current fiscal 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.