Qantas Airways Limited (OTCMKTS:QUBSF – Get Free Report) shares rose 8.9% on Thursday . The stock traded as high as $7.00 and last traded at $7.00. 97,508 shares changed hands during mid-day trading, an increase of 622% from the average daily volume of 13,505 shares. The stock had previously closed at $6.43.
Qantas Airways Stock Performance
The stock’s 50-day moving average is $6.43 and its 200-day moving average is $6.52.
About Qantas Airways
Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.
Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.
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