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Navios Maritime Partners bails out debt-laden former parent Navios Maritime Holdings in a $835 million deal thus adding another 36 dry bulk carriers to its fleet. While one can discuss the suboptimal capital allocation, the transaction won't result in additional dilution to common uni...
Company continues to relentlessly dilute common shareholders in order to accomplish its aggressive fleet expansion targets. Since its spin-off from StealthGas seven months ago, outstanding common shares have increased by more than 3,500%, while NAV per share has decreased by more than...
Castor Maritime reports respectable first-quarter results. Tanker exposure should benefit Q2 earnings substantially. Updating net asset value estimate. Company continues to trade at a large discount to NAV as investors remain wary of potential further dilution and related party de...
The company reported respectable first quarter results and declared a quarterly dividend of $0.025 per share. It repurchased another $10 million in potentially dilutive convertible notes. Prospects for the dry-bulk shipping industry remain solid based on very limited fleet growth ...
Here’s What You Need to Know About Buying Penny Stocks in 2022 If you’re looking at penny stocks to buy in 2022, there are a lot of intricacies to understand. But, before even thinking about buying penny stocks, there are a couple key things you should know. Penny stocks...
Castor Maritime press release (NASDAQ:CTRM): Q1 GAAP EPS of $0.21. Revenue of $54.64M (+683.9% Y/Y). EBITDA $27.9M for the three months ended March 31, 2022, as compared to $2.6M for the three months ended March 31, 2021; and Cash and restricted cash of $84M as of March 31, 2022, as compared ...
LIMASSOL, Cyprus, May 09, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months ended March 31, 2022. Highlights of the First Quart...
3 Penny Stocks That You Should Know About in May With 2022 proving to be an incredibly volatile year for penny stocks and blue chips, there is a lot for investors to keep track of. Right now, the main impacting factors on the stock market include rising interest rates, increasing inflat...
Updating investors on changes in fleet composition and net asset value. Unlike most of its larger peers, the company still trades at a substantial discount to NAV. Recent geopolitical events have changed product tanker dynamics materially with the strong charter rate environment now w...
Gainers: Sky Harbour Group (SKYH) +18%, Castor Maritime (CTRM) +6%, Flux Power (FLUX) +6%, Navios Maritime (NM) +5%. Losers: Global Internet of People (SDH) -10%, LiqTech International (LIQT) -9%, Herc Holdings HRI -9%, Latham Group (SWIM) -9%, DIRTT Environmental Solutions (DR...
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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...