ZenaTech, Inc.'s stock is experiencing a decline today following the announcement of its acquisition of Weddle Survey Inc., an Oregon-based land survey firm. This acquisition is part of ZenaTech's strategy to expand its Drone as a Service (DaaS) operations in the Northwest US, focusing on integrating drone technology into land surveys and developing solutions for wildfire management using drone swarms. Despite the strategic nature of this move, the market reaction appears cautious, possibly due to the challenges associated with transitioning traditional surveying methods to drone-based solutions and the early stage of the integration process.
The current price of ZenaTech's stock is $6.23, down 2.66% from the previous close of $6.40. The stock opened at $6.55 and has reached a low of $6.23 so far today. Despite being just over half an hour into the trading day, the volume is notably low at 47,519 shares, representing only 0.82% of the average daily volume of 5,789,491 shares.