Canada Jetlines Ltd (CVE:JET)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.36 and last traded at C$0.37, with a volume of 196841 shares traded. The stock had previously closed at C$0.40.
Separately, Fundamental Research cut their price objective on Canada Jetlines from C$2.57 to C$2.04 and set a “top pick” rating on the stock in a report on Thursday, May 9th.
The company has a market cap of $28.59 million and a price-to-earnings ratio of -3.76. The firm has a fifty day simple moving average of C$0.43.
Canada Jetlines Company Profile (CVE:JET)
Canada Jetlines Ltd. operates as an ultra-low cost carrier scheduled airline. The company plans to operate flights across Canada; and provide non-stop services from Canada to the United States, Mexico, and the Caribbean. It also provides services to passengers, such as in-flight food and baggage. The company is headquartered in Vancouver, Canada.
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