Volatus Aerospace (TSE:FLT) Shares Up 7% – Still a Buy?

Volatus Aerospace Inc. (TSE:FLT) rose 7% on Monday . The company traded as high as C$0.62 and last traded at C$0.61. Approximately 1,488,493 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 2,050,822 shares. The stock had previously closed at C$0.57.

Volatus Aerospace Price Performance

The company has a 50 day simple moving average of C$0.75 and a 200-day simple moving average of C$0.71. The stock has a market cap of C$392.45 million, a price-to-earnings ratio of -14.50 and a beta of 2.88. 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 issued its quarterly earnings results on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. The firm had revenue of C$7.30 million during the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%. Research analysts expect that Volatus Aerospace Inc. will post -0.01 EPS 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.