Cebu Air, Inc. (OTCMKTS:CEBUF – Get Free Report) fell 76.3% during trading on Friday . The company traded as low as $0.40 and last traded at $0.40. 2,000 shares were traded during mid-day trading, an increase of 173% from the average session volume of 733 shares. The stock had previously closed at $1.69.
Cebu Air Stock Down 76.3%
The business’s 50 day simple moving average is $0.02 and its 200 day simple moving average is $0.02.
Cebu Air Company Profile
Cebu Air, Inc operates as a low-cost carrier based in the Philippines, serving as the parent company of Cebu Pacific Air. The company is engaged in scheduled passenger and cargo air transportation, offering budget-friendly services on key domestic routes across the archipelago as well as international flights to destinations in East Asia, Southeast Asia, the Middle East and Australia. Cebu Air’s product portfolio includes seat-only fares, bundled packages with baggage allowance and inflight meals, and ancillary services such as seat selection, priority boarding and travel insurance.
Founded in 1988 and commencing operations in 1996, Cebu Air was established to introduce a low-cost business model in the Philippine aviation market.
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