The Drone Delivery Canada Corporation (OTC: TAKOF) stock has added +5.98% Wednesday raising its price to $1.86. TAKOF has seen more than 4.557 million shares of its stock change hands in the last trading. An increase in stock prices of this magnitude is huge compared to the company’s daily trading volume of 0.78 million shares.
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What The Company Do?
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The Drone Delivery Canada Corporation (TAKOF) provides logistics services based on the drone by designing, developing, and implementing commercial use of drones serving government, commercial, industrial, and retail customers.
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Market’s Potential:
The share price took off around mid-January when the Biden administration was taking the charge of the government and because of their clean energy policies shares of drone technology also been surging gradually. The use of drone technology has still been largely neglected in logistics and transportation but now the companies irrespective of their size have been recognizing the significance of the technology in their business operations and services especially after the covid which has stuck the consumers at their homes shopping online.
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What’s In It For TAKOF:
And delivering those online orders especially to the last miles in urban as well as in rural areas remained the issue worth addressing to. An instant answer to that issue was drones. The drone market is highlighted by the analysts as a market of worth $100 billion and most of the companies in this sector are startup under $1 billion of worth. So the market has a high yield potential and Drone Delivery Canada Corporation (OTC: TAKOF) with its current market capitalization of $388 million has plenty of room to take a higher flight. Grabbing even a single-digit percentage of the sector’s potential business could take the company many-fold higher.
