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An analyst expects more bankruptcy filings in the shipping sector.
Shares of General Maritime Corporation (NYSE:GMR) were gapping down Thursday morning with an open price 15.4% lower than Wednesday's closing price. The stock closed at 26 cents yesterday and opened today's trading at 22 cents.
General Maritime Management Discusses Q2 2011 Results - Earnings Call Transcript
General Maritime Corporation (NYSE:GMR) hit a new 52-week low Wednesday as it is currently trading at $1.28, below its previous 52-week low of $1.31 with 932,199 shares traded as of four p.m. ET. Average volume has been 2.3 million shares over the past 30 days.