Home / Street Sector / Momentum Stocks Try To Beat Views: Globus Maritime (NASDAQ:GLBS), Barrick Gold (NYSE:ABX)

Momentum Stocks Try To Beat Views: Globus Maritime (NASDAQ:GLBS), Barrick Gold (NYSE:ABX)

Globus Maritime Limited (NASDAQ:GLBS) [Trend Analysis] plunged reacts as active mover, shares a decrease -58.33% to traded at $5.93 and the percentage gap among open changing to regular change was 20.66%. A dry bulk shipping firm, Globus Maritime Limited (NASDAQ:GLBS) reported that it will release financial results for the three and nine months period ended September 30, 2016, following the market closes in New York on Monday, November 21, 2016.

Since May 9th, 2016, Globus was eligible for an additional 180 calendar day period to regain compliance. For at least 10 consecutive business days from October 20, to November 2, 2016, the closing offer price has been greater than $1.00. NASDAQ indicated within its letter that since the Firm has regained compliance with Listing Rule 5550(a)(2), this matter is now closed.

The firm’s current ratio calculated as 0.10 for the most recent quarter. The firm past twelve months price to sales ratio was 0.92 and price to cash ratio remained 5.81. As far as the returns are concern, the return on equity was recorded as -70.30% and return on investment was -27.30% while its return on asset stayed at -24.80%. The firm has total debt to equity ratio measured as 2.56.

Barrick Gold Corporation (NYSE:ABX) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -1.54% to close at $15.36 with the total traded volume of 16.12 Million shares. Barrick Gold Corporation (NYSE:ABX) reported that Reference Yield, Tender Offer Consideration and Total Consideration in its cash tender offer for specified series of outstanding notes. The terms and conditions of the Tender Offer are described in an offer to purchase and the related letter of transmittal, each dated November 2, 2016.

In addition to the Tender Offer Consideration or the Total Consideration, as applicable, accrued and unpaid interest on the Notes agreed for purchase will be paid from the last applicable interest payment date up to, but not comprising, the settlement date. The Tender Offer is subject to the satisfaction of certain conditions set forth in the Offer to Purchase. If any of the conditions are not satisfied or waived by the Offerors, the Offerors will not be obligated to accept for purchase, purchase or pay for, validly tendered Notes, in each case subject to applicable laws, and may terminate the Tender Offer.

The Tender Offer is not conditioned on the tender of a minimum principal amount of Notes. The firm has institutional ownership of 72.10%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.30. ABX attains analyst recommendation of 2.40 with week performance of -2.60%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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