Topic: How To Invest

Q: May I have your opinion on Global UAV Technologies? It involves drones and new uses for them, I think. Thanks.

Article Excerpt

A: Global UAV Technologies, $0.08, symbol UAV on the Canadian Securities Exchange (Shares outstanding: 124.8 million; Market cap: $10.0 million; www.globaluavtech.com) was called Alta Vista Ventures before moving into the unmanned aerial vehicle (UAV), or drone, business in 2017. While the company changed its name to Global UAV Technologies in May of that year, it maintained its listing on the Canadian Securities Exchange (CSE). That alternative exchange is the former Canadian National Stock Exchange (CNSX). Global UAV is focused on developing UAVs for a range of uses. Right now, its wholly owned subsidiaries—Pioneer Aerial Surveys, High Eye Aerial Imaging, UAV Regulatory Services and NOVAerial Robotics—aim to provide a range of UAV-based surface and sub-surface imagery. In other words, the company uses drones to take pictures, conduct aeromagnetic surveys and so on. That work traditionally involves the more-costly use of planes and helicopters. Global UAV also offers online courses to help clients prepare for their Special Flight Operation Certificates (SFOCs). That certification is for…