RE:what will move the share price?Closed at $0.96, bid $0.86, ask $0.95. Volume: 86,740. 10-day average volume: 21,659.
Shares Out: 37.87M. With the close today at $0.96, Market Cap. is 36.35M.
Some historical closes...
These are the only closes above $1 since the COVID drop in March 2020.
July 23, 2021: $1.02
July 26, 2021: $1.09
July 27, 2021: $1.04
July 28, 2021: $1.04
February 12, 2020, the high that year was $1.69. Share price fell over a month or so.
March 11, 2020: $1.17
March 12, 2020: $1.06
March 13, 2020: $1.00
On May 22, 2019, Flyht closed at
$1.84, the high for that year.
On Jan 05, 2018, Flyht closed at $2.03, the high for that year.
July 17, 2017 saw Flyht consolidate shares at 10 to 1. Share price at the time was $0.26 ($2.60).
On January 09, 2017, Flyht closed at $0.30, the high that year (pre-consolidation).
On March 13, 2014, Flyht closed at $0.76 - about a week after MH370 disappeared on March 8, 2014. The share price at the time was hanging around $0.60, having risen from a close of $0.17 on Janunary 3, 2013 (pre-consolidation).
To attain the MH370 high again, Flyht will need to reach a share price of $7.60 (post-consolidation).
Relevant news releases at the time... Calgary, Alberta, January 22, 2014 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (“FLYHT”) is pleased to announce that all deliverables agreed to in the arrangement announced by FLYHT on May 22, 2012 have been delivered on time and L-3 is anticipating delivery of 12 AFIRS 228S units by the end of January 2014 to end-use customers of the product. Calgary, Alberta – July 13, 2017 – FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce that the TSX Venture Exchange has approved a consolidation of its common shares (the “Consolidation”) on a 10 to 1 basis.
The Consolidation was previously approved by the Company’s shareholders at the Annual and Special Meeting held on May 10, 2017.
The Consolidation results in one (1) new post-consolidated common share being issued for ten (10) old pre-consolidated common shares.
The Consolidation will take effect on July 17, 2017 with the Common Shares trading on a post-Consolidation basis beginning at the open of markets on July 17, 2017. At the date of this press release, there are a total of 209,636,273 Common Shares issued and outstanding. Assuming no other change in the issued capital of the Company, it is expected upon completion of this Consolidation, FLYHT will have approximately 20,963,617 (after taking into account certain fractional rounding) Common Shares issued and outstanding. FLYHT’s issuing name will not change as a result of the Consolidation.
The Company is pursuing the Consolidation due to the improvement in the underlying financial performance of the Company and the management of FLYHT believes that the Consolidation will have positive effects for Company stock trading and financial reporting. FLYHT was profitable in 2016 and has produced four successive positive quarters. FLYHT is also producing positive cash flow through normal operations. A more thorough discussion of the rationale for the Consolidation can be found on the Company website at https://flyht.com/investor-letters/.