RTTNews | Oct 21, 2020 10:17AM EDT

10:17 Wednesday, October 21, 2020 (RTTNews.com) - Shares of Globus Maritime Ltd. (GLBS) reached a 52-week high of $8.26 Wednesday morning, and are currently trading at $7.80, up 26 cents or 3.51% in the regular trading session.

The company, on Tuesday, announced that its Board has determined to effect a 1-for-100 reverse stock split of the company's common shares and Series B preferred shares.

At the company's annual general meeting of shareholders on September 24, 2020, the company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact reverse split ratio and proceed with the reverse stock split.

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