Draganfly, Inc. Hits Day Low of CAD 10.95 Amid Price Pressure

Draganfly, Inc., a small-cap player in the automobiles industry, has experienced a significant decline today, with its stock price dropping by 9.38%. The stock reached an intraday low of CAD 10.95, reflecting a challenging trading session. Over the past week, Draganfly has seen a decrease of 6.77%, while its performance over the last month has been notably worse, down 22.99%. Despite a remarkable one-year performance of 257.79%, the stock has faced difficulties in the longer term, with a three-year decline of 49.91% and a staggering five-year drop of 83.05%. The company's market capitalization stands at CAD 300 million, and it currently shows a negative EBITDA, indicating ongoing financial challenges. Institutional investor participation has also waned, with a 4.25% reduction in their stakes over the last quarter, now holding 13.77% of the company. This trend may reflect broader concerns regarding the company's financial health, as evidenced by a return on equity of -68.37% and a price-to-book ratio of 13.06.