Globus Maritime Limited (NASDAQ:GLBS)

As of today, October 31, 2018 at 2:29pm EST, Globus Maritime Limited (NASDAQ:GLBS) has 3.21M shares outstanding with a float of 1.08M.

Globus Maritime Limited’s yearly revenue of $16.46M provides them a gross profit of $2.53M. Their current share price is $7.22. GLBS is in the Industrials sector and Shipping & Ports industry.

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Profile:

Globus Maritime Limited is a drybulk shipping company, providing marine transportation services on a worldwide basis.

The Company was incorporated on July 26, 2006 in Jersey to consolidate our founders’ ship-owning and ship-management interests and has executive offices in Athens, Greece. On November 24, 2010, Globus Maritime Limited redomiciled into the Republic of the Marshall Islands.

GLBS currently owsn five modern drybulk carriers, consisting of one Panamax, and four Supramax vessels with a weighted average age of approximately 10.3 years as of June 30, 2018 and a total carrying capacity of 300,571 DWT.

GLBS intends to grow their fleet through timely and selective acquisitions of modern vessels in a manner that they believe will provide an attractive return on equity and will be accretive to earnings and cash flow based on anticipated market rates at the time of purchase.