- Shares lift from all-time lows after the company reported strong fourth quarter results.
- Recent weakness in both former meme stocks and dry bulk charter rates have resulted in shares now trading at an approximately 75% discount to net asset value.
- While market weakness is likely to continue throughout Q1, fundamentals of the dry bulk market remain strong.
- Company hasn't sold additional shares under its $300 million equity distribution agreement with Maxim LLC.
- While the rising tide is likely to lift all boats, only the most speculative investors should consider a trade in Castor Maritime.
For further details see:
Castor Maritime - Shares Rally After Strong Q4 Report Without Further Dilution