Today’s Market Runner: Time to Buy Globus Maritime Ltd After Today’s Big Increase?

Today's Market Runner: Time to Buy Globus Maritime Ltd After Today's Big Increase?

The stock of Globus Maritime Ltd (NASDAQ:GLBS) is a huge mover today! The stock increased 32.60% or $0.59 on November 10, hitting $2.4. About 270,240 shares traded hands or 812.48% up from the average. Globus Maritime Ltd (NASDAQ:GLBS) has risen 61.61% since April 8, 2016 and is uptrending. It has outperformed by 55.96% the S&P500.
The move comes after 5 months positive chart setup for the $6.50 million company. It was reported on Nov, 10 by Barchart.com. We have $5.52 PT which if reached, will make NASDAQ:GLBS worth $8.45M more.

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 notable recent Globus Maritime Ltd (NASDAQ:GLBS) news were published by: Reuters.com which released: “BRIEF-Globus Maritime Limited announces reverse stock split” on November 19, 2013, also Marketwired.com with their article: “Globus Maritime Limited Announces Reverse Stock Split” published on October 10, 2016, Hellenicshippingnews.com published: “Globus Maritime Limited Reached an Agreement With Two of Its Lenders” on April 27, 2016. More interesting news about Globus Maritime Ltd (NASDAQ:GLBS) were released by: Marketwired.com and their article: “Globus Maritime Limited regains Compliance with NASDAQ’s Minimum Closing Bid Price” published on November 03, 2016 as well as Hellenicshippingnews.com‘s news article titled: “Globus Maritime Limited Announces Management Change” with publication date: December 28, 2015.

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.

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