On Wednesday, FreeSeas Inc (NASDAQ:FREE)’s shares declined -10.12% to $0.0151.
FreeSeas Inc. (FREE) declared that at the special meeting of the Company’s shareholders held on December 28, 2015, the shareholders granted discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, following which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-60 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, offered that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-60, and (Y) any Reverse Stock Split is accomplished no later than the first anniversary of the date of the special meeting.
FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice.
Spectra Energy Corp. (NYSE:SE)’s shares dropped -0.17% to $23.73. With its recent share price change, SE market value has reached roughly $15.96 billion. Its most recent quarter balance sheet showed the company is standing at a -0.50 current ratio and possess -1.97 as debt to equity ratio. The company has a Profit Margin (ttm) of 14.00% and has 82.30% gross margins. The operating profit margin is 34.50%. The stock’s performance in 1 month is -9.43% and its volatility for the same period is 2.94%.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
Discovery Communications Inc. (NASDAQ:DISCA)‘s shares dipped -1.26% to $26.56. The last trading range of Discovery Communications Inc.(NASDAQ:DISCA) ranges between $26.35 and $27.08. The EPS of the company stands at $1.61. The 52-week range shows that the stock reached higher at $35.53 while its lower range is $25.02 in the last 52-weeks. The average volume of the company is at 3.05 million with the Outstanding Shares of 149.51 million. The market capitalization of the company is $11.16 billion. The Beta of the company stands at 1.44 with the RSI (Relative Strength Index) of 36.15.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. networks; International networks; and Education and Other segments. The company owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
