Air Canada (TSX:AC) Stock Opens In Green After Raising C$912-Ml

2 min read | January 18, 2021 11:27 AM EST | By Team Kalkine Media

Air Canada (TSX:AC)

AC stocks were trading at C$ 23.07 a pop, up one per cent at the time of writing this (11:07 AM ET).

Stocks of the Canadian carrier have recovered over 46 per cent in the last three months. However, its scrips declined by 54.50 per cent in the last one year due to the pandemic blows. Air Canada’s current market cap is around C$ 7.663 billion, as per the TMX portal data.

AC stock is among the most active stocks on the TSX. Its 10-day stock trading volume stands at 4.44 million. Its 30-day average volume has touched 6 million.

Air Canada Stock’s One-Year Price Chart / Image Source: EODHD/Others, Thomson Reuters

The aviation stock has a price-to-book of 3.984, a present price-to- cashflow of 22.80, and a current debt-to-equity (D/E) ratio of 7.67.

The mid-cap airline company reported negative EBITDA of C$ 554 million in the third quarter results of 2020, down from C$ 1.472 billion in the third quarter of 2019. Air Canada posted unrestricted liquidity of C$ 8.189 billion at the end of Q3 2020.

Currently, the company has been exploring more options to acquire the tour company, Transat AT (TSX:TRZ).

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