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Global Spectrum Energy Services Plc (NGX: GSPECPLC) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Global Spectrum Energy Services Plc is an integrated oil and gas offshore support vessel services company listed on the Nigerian Stock Exchange (NGX).

Latest Global Spectrum Energy Services Plc Share Price


The graph above shows the latest Global Spectrum Energy Services Plc share price on the Nigerian Stock Exchange. Investors have seen Global Spectrum Energy Services Plc shares perform not well historically, and it doesn’t remain a steady investment. Global Spectrum Energy Services Plc stock is live on the NGX under the stock symbol of GSPECPLC and is available to trade via several brokers in Nigeria.

Overview of Global Spectrum Energy Services Plc

Global Spectrum Energy Services Plc concentrates on developing countries in West Africa such as Nigeria, Ghana, Equatorial Guinea and Cote d’Ivoire (Ivory Coast) and serves as intermediaries and agents for organisations seeking partnerships in these regions.

Global Spectrum Energy Services Plc offers services for vessel design and manufactures and sells a range of maritime lubricants and is the leading global bunker physical supplier of marine petroleum and mineral and synthetic lubricants.

Today, Global Spectrum Energy Services Plc’s portfolio of products and services are diversified in more sectors of the Oil & Gas value chain and include the following: maritime security, logistics, energy, and engineering services. The company’s client base include Total, Mobil, SAPETRO, S.P.D.C, Exxon Mobil and Addax.

The history of Global Spectrum Energy Services Plc goes back to 2006 when it was founded. It was listed on November 27, 2017.

Global Spectrum Energy Services Plc has its head offices at 49A Chris Maduike Street, Lekki Phase 1, Lagos, Nigeria.

Global Spectrum Energy Services Plc renders its services in West Africa.

The current CEO of Global Spectrum Energy Services Plc is Godwin Omene.

Global Spectrum Energy Services Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol GSPECPLC.

Global Spectrum Energy Services Plc forms part of the Integrated Oil & Gas Industry and the Oil & Gas Sector of the Nigerian Stock Exchange (NGX).

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Global Spectrum Energy Services Plc

Global Spectrum Energy Services Plc Stock Performance

The current price for Global Spectrum Energy Services Plc stocks on the Nigerian Stock Exchange (NGX) is 4.19 Nigerian Naira (NGN).

An analysis of financial data of Global Spectrum Energy Services Plc showed that the company has a total market capitalisation of 3.35 Billion NGN, with a total of 800 Million shares outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Global Spectrum Energy Services Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Global Spectrum Energy Services Plc, analysts forecast further improved performance for the Oil & Gas sector with market share growing as trading volumes increase.

Global Spectrum Energy

Highlights of Global Spectrum Energy Services Plc in 2021

Global Spectrum Energy Services Plc is currently the 136th most-traded stock on the NGX and it has experienced a total trading volume of 2,890 shares, which were finalised in 6 deals and were valued at a total of 10,945 Nigerian Naira (NGN) over the recent three month period August to November 2021, with an average of 46 shares in each trading session.

During the same period a volume high of 2,000 was achieved on 26 August.

No other information for GSPECPLC is available regarding the past year.

Global Spectrum Energy - How To Trade

How to buy Global Spectrum Energy Services Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Global Spectrum Energy Services Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “GSPECPLC”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.