GSM stock falls to 52-week low

Investors don’t seem to be buying Ferroglobe (GSM)’s spiel that the US, Canadian governments and the EU decisions saying that there was no silicon metal dumping in their jurisdictions wouldn’t have much effect on the company’s future bottom line. In addition, GSM’s management claims that the current silicon metal in the US was at its nadir for the year has been waived off. As a result, GSM’s stock fell to a 52-week low ($9.89) and was trading around $9.69 per share; the 52-week high was $17.61. As for its solar plans, good luck.

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