Drone Aviation Holding Corp. (DRNE) Looks To Keep Flying

DRNEFlying well under the radar for most traders, the penny stock of Drone Aviation Holding Corp. (DRNE) has been a high flying ticker that hardly anyone knows about.  Starting off the shortened trading week at 0.16, shares of DRNE stock saw its share price rise to as high as 0.242 Friday while volume picked up all week long while news of the FAA’s proposed new rules regarding unmanned aircraft systems made headlines.  If it was such that the ruling would have a significant impact, the developer of specialized lighter-than-air aerostats and tethered drones might be affected, but once you see what they’re already up to, it would be a mistake to let this one fly by.

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DRNE Stock Quote

DRNE Stock Chart

Drone Aviation focuses their attention on mainly providing the military and law enforcement agencies with through their Lighter Than Air Systems Corp. subsidiary by providing aerial and land-based surveillance and communications solutions.  Based just minutes away from Eglin Air Force Base, home of the the test and evaluation center for Air Force air-delivered weapons, navigation and guidance systems, Command and Control systems, and Air Force Special Operations Command systems, being “in” with the big boys has a number of benefits shareholders can appreciate.

While investors wait for the results of the three months and full year ended December 31, 2014 to be released, looking back at how there was $1,897,489 in cash, total liabilities of $346,434 leave little room for speculation that any dilution took place since the last financial update.  What can be expected is an increase to the  $328,063  and $682,389 in revenues that Drone Aviation had recorded for the three and nine months ended September 30, 2014.

Billionaire Dr. Phillip Frost is involved with DRNE as chairman of the Strategic Advisory Board the Company formed in 2014.  Frost brought his lengthy government and military relationships that he built during his 13 year tenure as a Director of Northrop Grumman and spearheaded an investment in Drone Aviation Holdings’ Series F Convertible Preferred Stock private placement, which raised approximately $822,000 targeted for product development and marketing.

The last public announcement from Drone Aviation dates back to the first week of 2015 when CEO, Felicia Hess, stated “Eglin Air Force Base is just one of a number of Department of Defense customers that are actively deploying our aerostat platforms in support of their operations which will continue to drive our growth.  As we enter 2015, we see a number of exciting military, governmental and commercial opportunities for our unique, cost effective tethered aerial platforms and are working on new products and capabilities that we fully expect will demonstrate the true value of our technology.”

Some may remember hearing about Drone Aviation back in October when reports from CNN, NBC, CBS, ABC, FoxNews and other news outlets spotlighted how the Company’s after a Blimp in a Box® tethered aerostat system was deployed by Pennsylvania police to assist in the hunt for alleged cop-killer Eric Frein.  That was enough to stop the slide DRNE shares were on after setting their 52WK high of $1.30 in late August for a bounce play from around 0.30 to as high as 0.43.  Could this current bounce from around 0.12 be a short lived one?  

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About DRNE Stock

Drone Aviation Holding Corp., through its wholly owned subsidiary Lighter Than Air Systems Corp., provides critical aerial and land-based surveillance and communications solutions to government and commercial customers.

Click here to view the SEC filings for DRNE.
Click here to view the website for Drone Aviation Holding Corp.

Authorized: 300,000,000
Issued and Outstanding: 32,228,121

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
02/20/15 0.2240 0.2420 0.2190 0.2376 +0.0226 +10.51% 2,322,800
02/19/15 0.1950 0.2150 0.1865 0.2150 +0.0250 +13.16% 1,433,300
02/18/15 0.1790 0.1900 0.1740 0.1900 +0.0110 +6.15% 697,300
02/17/15 0.1600 0.1850 0.1501 0.1790 +0.0290 +19.33% 728,000
02/13/15 0.1400 0.1500 0.1341 0.1500 +0.0130 +9.49% 321,400

 

Bottom Line:

Real?  Yes.  Tradeable?  Abosultely Yes!  But is DRNE a penny stock that can keep on running?  Having had a look at the tale of the tape and seeing Frost’s involvement, if DRNE stock is going to keep flying, it’s due to reach its peak altitude very soon before needing to come back down for a landing.

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