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An announcement from Drone Delivery Canada ( (TSE:FLT) ) is now available.
Volatus Aerospace and VoltaXplore have signed a Letter of Intent for the supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. This strategic partnership enhances Volatus’ product differentiation and supply chain security while supporting VoltaXplore’s entry into the aerospace market. The collaboration aligns with Canada’s focus on building domestic industrial capabilities, fostering innovation, and creating skilled jobs, thereby strengthening the national defense industrial base.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
Drone Delivery Canada’s stock score is primarily influenced by its financial performance, which shows growth in revenue but significant profitability challenges. Technical analysis suggests short-term bullish momentum, but valuation concerns due to negative earnings impact the overall attractiveness. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace Inc. is a Canadian leader in aerial intelligence and unmanned aircraft systems, providing a comprehensive ecosystem of aerial services including operations, equipment sales, training, and mission support. NanoXplore is a graphene company that manufactures and supplies graphene powder and silicon-graphene-enhanced lithium-ion batteries for various markets, including transportation and industrial sectors.
Average Trading Volume: 3,720,756
Technical Sentiment Signal: Buy
Current Market Cap: C$366.3M
Learn more about FLT stock on TipRanks’ Stock Analysis page.