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After once again diluting common shareholders by 99% between March and July 2020, Greece-based tanker operator surprisingly announced a one-year moratorium on equity raises. Even without dilution, CEO and controlling shareholder Evangelios Pistiolis continue to benefit substantially b...
Shares of dry bulk shipping stock Castor Maritime (NASDAQ: CTRM) rushed out of the gate this morning, running ahead more than 9% before stumbling, retreating, and giving up most of its gains. As of 10:15 a.m. EDT, Castor Maritime is hanging onto a 3% gain -- but why did it r...
Following the GameStop short-squeeze last year, the Reddit forum r/WallStreetBets (WSB) has grown immensely popular. Investors on Reddit’s chat room focus mainly on speculative penny stocks that possess high short interest because of their poor financials and bleak growth potential. Wh...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earlier this month, Castor Maritime (NASDAQ: CTRM ) sold 192.3 million shares of CTRM stock at 65 cents a share. The shares came with warrants to buy an additional 192.3 million shares, also at 65 cents. ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At less than one dollar per share, Castor Maritime (NASDAQ: CTRM ) stock is an interesting option for investors. Source: Pavel Kapysh / Shutterstock.com The firm just raised $125 million at 65 cents per ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Reddit investors have by and large cashed out of Castor Maritime (NASDAQ: CTRM ) stock. Relative to the value of its assets, shares remain richly priced. Betting against this highly volatile shipping play may not be...
Another massive dilution highlights overvalued share price. Q1 earnings are likely to be about one-tenth of a cent per share. Several near-term catalysts may push the share price down. For further details see: Castor Maritime: Another Dilution And Weak Q1 Earnings F...
Penny Stocks On Robinhood To Buy For Under $1 Penny stocks are well known for higher risk due to lower prices along. Since it only takes a matter of a few pennies to equate to a big change in stock price, it is both a big advantage and a big risk for traders. This month we’re...
Castor Maritime ([[CTRM]] +6.0%) to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5M.The vessel will be delivered with a time charter contract attached with a reputable charterer, at a daily gross charter rate equal t...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exposure to Castor Maritime (NASDAQ: CTRM ) stock has been no less than a roller-coaster ride for investors. At the end of fiscal year 2020, the stock was trading at 19 cents. Source: Pavel Kapysh / Shutterstock.c...
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LIMASSOL, Cyprus, June 03, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, announces today the final results of its tender offer (the “Offer”) to purchase all of its outstand...
LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on May 28, 2024, it completed the previously announced sale of the M/V Magic Horizon , a 2010-...
LIMASSOL, Cyprus, May 23, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on May 23, 2024, it completed the previously announced sale of the M/V Magic Vela , a 2011-bui...