Price Don’t Lie: What’s Propelling Globus Maritime Ltd to Decline So Much?

Price Don't Lie: What's Propelling Globus Maritime Ltd to Decline So Much?

The stock of Globus Maritime Ltd (NASDAQ:GLBS) is a huge mover today! About 191,130 shares traded hands. Globus Maritime Ltd (NASDAQ:GLBS) has risen 179.05% since April 22, 2016 and is uptrending. It has outperformed by 173.64% the S&P500.
The move comes after 9 months negative chart setup for the $10.96M company. It was reported on Nov, 25 by Barchart.com. We have $3.23 PT which if reached, will make NASDAQ:GLBS worth $438,400 less.

Analysts await Globus Maritime Ltd (NASDAQ:GLBS) to report earnings on May, 5.

According to Zacks Investment Research, “Globus Maritime Limited is a drybulk shipping company, providing marine transportation services on a worldwide basis. It is a vertically integrated shipping company that owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes worldwide. Globus Maritime Limited is headquartered in Athens, Greece.”

More recent Globus Maritime Ltd (NASDAQ:GLBS) news were published by: Marketwired.com which released: “Globus Maritime Limited Announces Reverse Stock Split” on October 10, 2016. Also Hellenicshippingnews.com published the news titled: “Globus Maritime Limited Reports Financial Results for the Quarter and Nine …” on November 21, 2016. Streetinsider.com‘s news article titled: “Form 6-K GLOBUS MARITIME LTD For: Nov 03” with publication date: November 03, 2016 was also an interesting one.

GLBS Company Profile

Globus Maritime Limited, incorporated on November 24, 2010, is an integrated dry bulk shipping company. The Firm provides marine transportation services across the world. The Firm owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment