Fastjet PLC (LON:FJET)’s share price fell 42.9% during mid-day trading on Wednesday . The company traded as low as GBX 3.15 ($0.04) and last traded at GBX 3.80 ($0.05). 810,075 shares changed hands during mid-day trading, an increase of 2,666% from the average session volume of 29,291 shares. The stock had previously closed at GBX 6.65 ($0.09).

Separately, Liberum Capital restated a “buy” rating on shares of Fastjet in a research note on Tuesday, June 5th.

Fastjet Company Profile (LON:FJET)

fastjet Plc provides passenger airline services in Africa. The company was formerly known as Rubicon Diversified Investments Plc and changed its name to fastjet Plc in August 2012. fastjet Plc was incorporated in 2006 and is headquartered in London, the United Kingdom.

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