Canada Jetlines Ltd (CVE:JET)’s share price shot up 22.2% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06, 518,230 shares were traded during mid-day trading. An increase of 75% from the average session volume of 296,023 shares. The stock had previously closed at C$0.05.
The stock has a market capitalization of $4.25 million and a P/E ratio of -0.48. The firm has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.35.
Canada Jetlines (CVE:JET) last posted its earnings results on Monday, August 19th. The company reported C($0.03) EPS for the quarter.
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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