DRYS - Castor Maritime - Latest Nano-Cap Shipper Chased By The Momentum Crowd
Admittedly, I didn't take notice of Greece-based drybulk shipper Castor Maritime's (NASDAQ:CTRM) debut on Nasdaq in early February as the company did not conduct an initial public offering but simply secured stock exchange approval to list its shares which previously had been trading at the Norwegian OTC.
The company fits perfectly into my recent series of articles on small, Greece-based shipping companies with a limited free float of common shares, often attracting momentum traders this way:
Source: Companies' SEC-Filings, Author's own work
After this week's momentum rally, even the most expensive companies among