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Globalstar Inc actually opened lower than its previous close. The open was 1.02 while the previous close was 1.04. The day’s range was showed that the stock dipped a little bit below the open, to 1.00 but also rose as high as 1.12. This is also the highest point in the past year, the lowest point is 0.25. The volume of the Company is 5,670,057 with an average 3 month volume of 2,541,120. The Company has a market cap of 724.65 million.
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The Company has received very bullish news, including the FCC had placed Globalestar’s requested notice of proposed rule making on circulation for consideration by the full Commission.
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