Global Crossing Airlines Group (CVE:JET) Stock Price Down 4.9% – Here’s Why

Global Crossing Airlines Group Inc. (CVE:JETGet Free Report) shares dropped 4.9% on Wednesday . The company traded as low as C$1.36 and last traded at C$1.36. Approximately 10,010 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 11,289 shares. The stock had previously closed at C$1.43.

Global Crossing Airlines Group Stock Down 4.9%

The stock’s 50-day moving average price is C$1.36 and its two-hundred day moving average price is C$1.36. The stock has a market capitalization of C$63.25 million and a P/E ratio of -2.57. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 105.95.

About Global Crossing Airlines Group

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Global Crossing Airlines Group Inc operates in the airline business. It focuses to fly as an aircraft, crew, maintenance, and insurance (ACMI) and wet lease charter airline serving the United States, the Caribbean, and Latin American markets. The company is based in Miami, Florida.

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