Ferroglobe PLC (GSM) had a good day on the market for Tuesday November 26 as shares jumped 14.75% to close at $0.63. About 860,291 shares traded hands on 1,822 trades for the day, compared with an average daily volume of n/a shares out of a total float of 169.12 million. After opening the trading day at $0.56, shares of Ferroglobe PLC stayed within a range of $0.63 to $0.53.
With today’s gains, Ferroglobe PLC now has a market cap of $106.02 million. Shares of Ferroglobe PLC have been trading within a range of $5.03 and $0.51 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Ferroglobe PLC provides silicon and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. Its business is organized into four segments which include Electrometallurgy- North America, Electrometallurgy- Europe, Electrometallurgy- South Africa, and Other segments. The Electrometallurgy segment includes its coal and quartz mining operations and its silicon metal and ferroalloy production. The Electrometallurgy- South Africa generates maximum revenue for the company.
Ferroglobe PLC is based out of London, and has some 4,368 employees. Its CEO is Pedro Larrea Paguaga.
Ferroglobe PLC is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
