Market Overview

Globe Specialty Metals Soaring 6% On Heavier Than Normal Volume

Globe Specialty Metals, Inc. (NASDAQ: GSM) shares are rising on heavier than normal volume, gaining almost 6% today.

The move comes as option volume is 573% higher than normal.

At last check, shares were up $1.35 to $24.95, a gain of 5.7% on 1.1 million shares.

Globe Specialty Metals, Inc., together with its subsidiaries, produces silicon metal and silicon-based alloys. The company offers chemical and metallurgical grade silicon metal, which is used as a raw material in making silicone compounds, aluminum.

Posted-In: Movers

 

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