Theres are the next 4 price targets within the next 12 months. Company used financing to expand fleet to 8, the dry bulk industry is primed for a bounce back year after Covid-19.
The stock is at alltime lows, in a downtown trend. However it has strong support! The chart pattern is a falling wedge bullish reversal. A breakout is strong.
The company had a rough...
GLBS Financial Results:
As of September 30, 2020 the Total Assets of the Company were $76.4 million compared to $55.7 million as of December 31, 2019, an increase of 37%.
As of September 30, 2020 and December 31, 2019, our cash and bank balances and bank deposits (including restricted cash) were $31.2 and $4.8 million respectively, an increase of 550%.
Looks like its trying to find a bottom here. Its been having a pretty tough time for a while now. I am bullish based off of fundamentals but it is not financial advice. I hope these guys are good people who run this company!!
GLBS is at its all time lows and has been hiking up and then falling down for quite a while now. Recently, however, volume has increased over 1300% over the 40MA despite price not making any sudden moves, this suggests that volume is being absorbed and that pressure is building up for a massive upwards move.
this is a continuation of my previous play on GLBS
i've been playing a lot of gappers like this, volume looks good
hit resistance on the 4h chart, but im confident we see a breakout if the volume is there
Globus Maritime Ltd is a dry bulk shipping company which provides marine transportation services internationally. The company owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargos. Its operations are managed by its subsidiary which also provides in-house commercial and...
With a 16.102M MARKET CAP and a low Average Volume (10 day) of 178.412K, this asset can make a bounce due to some fundamentals or even speculations.
On Nov. 09, 2020 Globus Maritime Limited announced that it has secured new time charter employment.
The charter commenced on November 8, 2020 and has a minimum 10 months or a maximum of 14 months, at the...