Globus Maritime Limited is a Greece-based dry bulk shipping company engaged in providing marine transportation services on a worldwide basis. Co. owns and manages a fleet of 9 modern dry bulk vessels, including one Panamax, 4 Kamsarmax, and 4 Supramax with a total carrying capacity of 626,257 deadweight tonnage (dwt) and a weighted average age of approximately 10.6 years. Co.'s fleet transports iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. Co.'s operations are managed by its wholly-owned subsidiary, Globus Shipmanagement Corp. We show 8 historical shares outstanding datapoints in our GLBS shares outstanding history coverage, used to compute GLBS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GLBS market cap history over the course of time is important for investors
interested in comparing GLBS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GLBS versus a peer is one thing; comparing
GLBS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GLBS can fluctuate over the course of history.
With this page we aim to empower investors researching GLBS by allowing them to research the GLBS market cap history. |
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Video: The Importance of Market Cap
