New Horizon Aircraft (NASDAQ:HOVRW) Shares Down 0.3% – Should You Sell?

Shares of New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report) fell 0.3% during trading on Tuesday . The stock traded as low as $0.4011 and last traded at $0.4485. 38,454 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 73,269 shares. The stock had previously closed at $0.45.

New Horizon Aircraft Price Performance

The company’s 50-day simple moving average is $0.41 and its 200 day simple moving average is $0.40.

New Horizon Aircraft Company Profile

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New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.

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