Why Globalstar, Castor Maritime, and Zomedica Stocks Surged Today

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Shares of Globalstar (NYSEMKT: GSAT), Castor Maritime (NASDAQ: CTRM), and Zomedica (NYSEMKT: ZOM) climbed 15%, 12%, and 10%, respectively, on Wednesday, as traders furthered their love affair with low-priced stocks.

All three of these companies have had positive developments that have helped to spur sharp rallies in their share prices in recent weeks.

Globalstar announced on Tuesday that Qualcomm would include its Band n53 technology in the chipmaker’s flagship 5G modem. Globalstar said the partnership would greatly expand the number of devices that could connect to its network. 

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