Drone Delivery Canada Corp V.FLT

Alternate Symbol(s): TAKOF

Industrials Aerospace & Defense

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally.

TSXV:FLT - Post by User

Drone Delivery Canada Corp > Price Action Lower Highs, Lower Lows

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Comment by GreekTitanon May 28, 2020 9:02pm

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Post# 31085582

RE:Price Action Lower Highs, Lower Lows

InvestForce wrote: Price action seems, to me, like normal fluctuation within the same descending channel of lower highs and lower lows or troughs consistently since October-November 2019. You can clearly see this from the 2-3 year chart. A move above 0.73 to 0.75 could signify a break in the pattern to a new uptrend. (Though one of my buy points at 0.75 where I thought this uptrend would materialize was hope that didn't meterialize).

The big picture is still down, with trading taking place while we wait for meaningful data that could propel us towards a new trend. https://www.barchart.com/stocks/quotes/FLT.VN/interactive-chart

The recent rise could reflect some hope that with the reopening, Air Canada and others might be more in need of drone services. Not sure it's more than just trading, including rotations, short coverage and increased speculation.

The price target from the Cormark Securities of $1.50 is for 2024 and $0.50 in 2022. This stock requires patience. Regulation changes and a big contract win, especilly from Condor, would be nice winds for a move up in share price.

GLTA

only time will tell!:)

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