Cargojet (OTCMKTS:CGJTF) Shares Gap Up – Here’s Why

Cargojet Inc. (OTCMKTS:CGJTFGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $54.85, but opened at $59.07. Cargojet shares last traded at $59.10, with a volume of 163 shares changing hands.

Cargojet Stock Performance

The business has a 50-day moving average price of $55.89 and a 200-day moving average price of $66.20.

About Cargojet

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Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.

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