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GlobalStar Inc. opened today at 1.79, higher than the previous close of 1.40. Although they dropped to 1.61 today, they managed to get as high as 1.80. Over the past 52 weeks 1.80 proved to be the highest with a quarter being the lowest. The Company is reporting a volume of 15,110,933 with an average three month volume of 4,319,370 and a market cap of 1.10M.

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Today, GlobalStar Inc. put out a press release saying they rose as much as 29% after regulators agreed to review whether it may offer mobile service over airwaves reserved for satellite use. This could potentially boost the value of the company’s spectrum.

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