- Small Cyprus-based shipping company has emerged as one of the leading momentum names with the stock up more than 500% year-to-date on massive volume.
- Market capitalization has ballooned to $1.2 billion or more than 6x the company's estimated net asset value while proven market leaders are changing hands at a discount.
- Discussing latest fleet additions and the likely exercise of almost 350 million warrants for net proceeds of $85 million.
- Expect the concept of valuation to prevail over time, but with the stock likely on top of virtually every momentum trader's watchlist these days, timing a short sale could be difficult.
- Patiently wait for shares to exhibit relative weakness amid a decline in trading volume before considering a trade and limit potential losses by placing a stop-buy limit.
For further details see:
Castor Maritime: Trading At A 500%+ Premium To Net Asset Value After Epic Momentum Rally