Boston, MA 06/13/2013 (wallstreetpr) – The prices of American Depository Shares of Gol Linhas Aereas Intelligentes SA ADR (NYSE:GOL) had surged by 6.13 percent to close at $3.98 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $3.83 to $4.07 per ADR during the day. The American Depository Shares of Gol Linhas Aereas Intelligentes SA ADR (NYSE:GOL) had recorded 52 week low price level of $3.45 per share and 52 week high price level of $7.67 per ADR.
Gol Linhas Aereas Intelligentes SA ADR (NYSE:GOL) is primarily engaged in providing passenger air transportation with its operations in Brazil. The company operates its air transportation services through its subsidiaries such as Gol Finance, GAC Inc and VRG Linhas Aereas SA. The air transportation company is involved in providing wide range of services such as scheduled and non scheduled air transportation services of passengers and freight air transportation of cargo and mail bags.
Further Gol Linhas Aereas Intelligentes SA ADR (NYSE:GOL) also provides passenger air chartering services in addition to national and international concessions. The company also has operations in Cayman Islands. The shares of the air transportation service provider had been surging in the recent days with heavy trading volumes.
Gol Linhas Aereas Intelligentes SA ADR (NYSE:GOL) had witnessed the trade of 3.65 million shares on Wednesday, while the average trading volume for the company is at 2.39 million shares per day. The company presently holds 278.72 million shares outstanding in the market with an institutional ownership of 15 percent of its holdings.
