With very low float, massive stock price volatility and trading at more than 12x EBITDA, Globus Maritime (GLBS) does not represent a clear opportunity. The stock price volatility should be seen as a risk as the company has not announced anything new. In addition, the fact that the company executed many transactions with related parties is also a clear issue. Finally, the company was incorporated offshore, where the securities law doesn’t protect shareholders that much. To sum up, let’s be patient and wait for new information to understand what’s going on.
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