4 Small Cap Stocks To Watch: GLBS Up Over 200% Early This Morning

NEW YORK, NY / ACCESSWIRE / April 29, 2016 / The Stock Expert is issuing a report on four stocks that are performing well this Friday. GLBS, PRGN, LGCY and HERO are on high volume alert. Continue reading to find out why. – To get daily alerts on the hottest stocks on the Nasdaq/NYSE subscribe to our newsletter at TheStockExpert.com.

Globus Maritime Limited (NASDAQ: GLBS) The company is an integrated dry bulk shipping company that provides marine transportation services worldwide.

Shares of GLBS are trading higher today by over 197% off heavy volume after announcing the filing of its 2015 annual report on form 20-F.

Since yesterday, the stock has seen a massive influx of volume while it continues to move in an upward trend. Yesterday, the stock had a similar jump in share price, only to give back most of its gain by market close. Today, however, it looks like it might be able to hold onto some of those big gains.

As long as GLBS continues to get strong volume spikes, expect these sorts of gains to continue, however, with an RSI (relative strength index) of 87.55, the stock is highly overbought.

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Paragon Shipping Inc. (NASDAQ: PRGN) The company provides shipping transportation services worldwide. It engages in the ocean transportation of drybulk cargoes, including commodities, such as iron ore, coal, grain, and other materials.

Similar to GLBS, shares of PRGN are trading higher in a big way. The stock is up over 64% this morning after announcing yesterday on recent developments on its debt agreements with Newbuilding Contracts and the Bank of Ireland.

Since the announcement, the stock exploded up several hundred percent and today is also trading higher off yesterday’s momentum, regaining almost all their massive losses since early March.

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Legacy Reserves LP (NASDAQ: LGCY) The company acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States.

We’ve been following LGCY for quite some time now and with all the speculation around LGCY about whether they will hit or miss their estimates, the stock is only slightly slowing down.

Shares of LGCY are up today by more than 6% and the stock is up in a big way through out most of April and has been receiving a boost in volume recently as well.

While the volume is subsiding, shares continue to move higher and we will continue to watch LGCY into next week.

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Hercules Offshore, Inc. (NYSE: HERO) Together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.

Shares of HERO are trading almost even today, continuing its short-term downward trend, which began in mid April. The stock had been making a steady rise in share price since early February, when it hit its 52 week low and this could just be an expected pullback, considering when the drop occurred, the stock had an RSI (relative strength index) of well over 70 in overbought territory.

We look forward to see what HERO can do next week.

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