Global Crossing Airlines Group (OTCMKTS:JETMF) Shares Up 4.7% – Here’s What Happened

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF)’s share price was up 4.7% on Thursday . The stock traded as high as $0.47 and last traded at $0.47. Approximately 26,719 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 76,046 shares. The stock had previously closed at $0.4490.

Global Crossing Airlines Group Price Performance

The stock has a market capitalization of $30.73 million, a price-to-earnings ratio of -9.40 and a beta of 0.67. The company’s 50-day simple moving average is $0.54 and its 200-day simple moving average is $0.61.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its earnings results on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $60.30 million during the quarter.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.