Home / Market Movers / Services Sector Gets a Lift from 3.62% Morning Gain for Globus Maritime Limited (GLBS) on September 23

Services Sector Gets a Lift from 3.62% Morning Gain for Globus Maritime Limited (GLBS) on September 23

Globus Maritime Limited (GLBS) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of GLBS have tacked on 3.62% to $0.71 after closing the day prior at $0.69. In the first two and a half hours of trading, the stock has gone as high as $0.72 and as low as $0.69. Today’s rise has come with about 42,815 shares changing hands, compared to an average 30-day volume of 127,911 for Globus Maritime Limited. The price is currently below the 30-day volume weighted average price of $0.71 for GLBS.

The share appreciation gives the company a market capitalization of $7.07 million based upon 10.32 million shares outstanding. It also means that GLBS has a price-to-book ratio of 0.27:1.

In the past 52 weeks, shares of GLBS have traded as low as $0.05 and as high as $1.78. Technical traders will take note that at $0.71, shares of GLBS are trading above their 200-day MA at $0.38 and above their 50-day MA at $0.62. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is GLBS?

Globus Maritime Ltd owns and operates fleet of dry bulk motor vessels. The Company provides maritime services for the transportation of dry cargo products. The company’s 12 employees are led by CEO Athanasios Feidakis from the corporate headquarters at 128 Vouliagmenis Avenue in Athens, .

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