Drone Delivery Canada (CVE:FLT) Trading Up 6.3% – Here’s What Happened

Posted by Scott Moore on Feb 26th, 2026

Drone Delivery Canada Corp. (CVE:FLT – Get Free Report)’s stock price rose 6.3% during trading on Tuesday . The stock traded as high as C$0.68 and last traded at C$0.68. Approximately 2,723,573 shares traded hands during trading, an increase of 55% from the average daily volume of 1,752,885 shares. The stock had previously closed at C$0.64.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLT. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a research note on Wednesday, December 10th. Haywood Securities set a C$0.90 price target on Drone Delivery Canada and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Stifel Nicolaus set a C$0.85 price objective on Drone Delivery Canada and gave the stock a “buy” rating in a research note on Thursday, November 27th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of C$11.25.

Get Our Latest Research Report on Drone Delivery Canada

Drone Delivery Canada Trading Up 12.9%

The business has a 50 day simple moving average of C$0.60 and a 200-day simple moving average of C$0.61. The stock has a market capitalization of C$527.87 million, a price-to-earnings ratio of -26.33 and a beta of 2.69. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02.

Drone Delivery Canada Company Profile

(Get Free Report)

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.