Virgin Australia Holdings Limited (OTCMKTS:VBHLF) shares shot up 11% during mid-day trading on Thursday . The stock traded as high as $0.11 and last traded at $0.11, 100 shares changed hands during mid-day trading. A decline of 96% from the average session volume of 2,737 shares. The stock had previously closed at $0.10.
Several research firms recently issued reports on VBHLF. Jefferies Financial Group began coverage on Virgin Australia in a research note on Wednesday, November 13th. They issued a “hold” rating for the company. UBS Group upgraded Virgin Australia from a “sell” rating to a “neutral” rating in a research note on Monday, November 18th.
Virgin Australia Company Profile (OTCMKTS:VBHLF)
Virgin Australia Holdings Limited engages in the operation of domestic and international passenger and cargo airline business in Australia. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. Its aircraft flies to domestic destinations, including regional network, charter, and cargo operations; and international destinations comprising Trans-Pacific, Trans-Tasman, Pacific Island, and South East Asian flying, as well as international cargo operations.
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