LATAM Airlines Group (OTCMKTS:LTMAQ) Trading 14.7% Higher – Here’s What Happened

LATAM Airlines Group S.A. (OTCMKTS:LTMAQ) rose 14.7% during trading on Monday . The stock traded as high as $0.45 and last traded at $0.42. Approximately 3,371,900 shares changed hands during trading, an increase of 415% from the average daily volume of 655,052 shares. The stock had previously closed at $0.37.

LATAM Airlines Group Trading Up 14.7 %

The stock has a market cap of $254.69 million, a price-to-earnings ratio of -0.06 and a beta of 2.73. The stock’s 50-day simple moving average is $0.42.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services primarily in Chile, Peru, Ecuador, Colombia, Brazil, other Latin American countries, the Caribbean, North America, Europe, and Oceania. As of June 30, 2022, it provided passenger transport services to 133 destinations in 20 countries and cargo services to approximately 141 destinations in 23 countries, with an operating fleet of 300 aircraft and subleased one B767 cargo freighter to a third party.