13th Sep 2013 13:49
LONDON (Alliance News) - Low-cost African airline fastjet PLC issued a statement Friday saying it was not aware of any reason why its shares were trading up 44.4%.
The company's stock was up 2.07 pence to 6.75p Friday afternoon.
The statement read: "The Company notes the movement in the market price of its ordinary shares and confirms that it is not aware of any reason for this movement."
The company's share price has fallen significantly since the start of the year when it stood at 33.37 pence, and hit a 52-week low of 3.90p earlier this week.
The company operates under the fly540 name in Kenya, Ghana and Angola, and started flying under the fastjet name in Tanzania in November 2012.
By Philip Nye; [email protected]
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