Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) continued their rapid ascent on Thursday, up 36% for the day and 82% for the year. The drone maker is benefiting from consolidation elsewhere in the industry, which is getting investors excited about other potential targets.
AgEagle shareholders have taken a wild ride over the past year. The company started 2020 as a penny stock valued by the market at less than $10 million. But investors started buying in mid-year on speculation that AgEagle is working with Amazon to develop a delivery drone.
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Why Shares of AgEagle Aerial Systems Are Soaring Today