Air China Limited (OTCMKTS:AICAF – Get Free Report) fell 9.4% during trading on Wednesday . The stock traded as low as $0.5776 and last traded at $0.5801. 2,000 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 33,400 shares. The stock had previously closed at $0.64.
Air China Price Performance
The firm’s 50 day moving average price is $0.63 and its 200-day moving average price is $0.78.
About Air China
Air China Limited operates as the flag carrier and one of the major airlines of the People’s Republic of China. Headquartered in Beijing, the company emerged from the restructuring of the Civil Aviation Administration of China in the early 2000s. It is a state-controlled enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council and is a subsidiary of China National Aviation Holding.
The company provides scheduled passenger and cargo services, offering a broad network of domestic and international routes.
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