Magellan Aerospace Co. (OTCMKTS:MALJF – Get Free Report) rose 7.8% during mid-day trading on Tuesday . The company traded as high as $12.65 and last traded at $12.65. Approximately 12,565 shares were traded during mid-day trading, an increase of 378% from the average daily volume of 2,626 shares. The stock had previously closed at $11.73.
Magellan Aerospace Stock Up 7.8%
The stock’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $11.96.
About Magellan Aerospace
Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.
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