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Telesat (TSAT) Moves 10.3% Higher: Will This Strength Last?
TSATTelesat(TSAT) ZACKS·2024-09-16 08:51

Telesat (TSAT) shares ended the last trading session 10.3% higher at 12.07.Thejumpcameonanimpressivevolumewithahigherthanaveragenumberofshareschanginghandsinthesession.Thiscomparestothestocks20.212.07. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 20.2% gain over the past four weeks. The increase in share price can be attributed to the C2.54 billion funding secured by Telesat for advancing its Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. The funding was provided by the governments of Canada and Quebec. Telesat w ...