Saturday, October 16, 2021

Will Castor Maritime Inc. (CTRM) Stock Price Continue to Rise as Fleet Expands?

Castor Maritime Inc. (CTRM) stock prices enjoyed a comfortable 6.31% upswing on April 15th, 2021, bringing the stock price up to USD$0.4551 as of the market close. Following pre-market fluctuations saw a 9.49% increase, with CTRM stock prices rising to USD$0.49.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Delivery of Dry Bulk Carriers

April 9thand April 13th of 2021 saw an announcement from CTRM regarding the delivery of two dry bulk carriers, having previously announced their purchases on February 18th and March 12th of 2021. The M/V Magic Twiight is a Kamsarmax dry bulk carrier built in Korea, whereas the M/V Magic Thunder is Japanese-built. Both vessels were financed in whole with the company’s cash on hand.

Terms of Vessel Purchase


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


The M/V Magic Twilight is under a time charter contract commencing April 13th, 2021, with a daily gross charter rate of USD$19,000 and an anticipated term spanning 20 days. The M/V Magic Thunder is also under a time charter contract with an expected term of 60 days and is set to commence employment around April 17th, 2021 with a gross charter rate of USD$18,900.

Consistent Expansion of CTRM Fleet

CTRM had announced in early February of 2021 that it had entered a purchasing agreement for two dry bulk carrier vessels. A 2010 Kamsarmax vessel cost the global shipping company USD$15.85 million and a 2009 Kamsarmax vessel was priced at USD$14.5 million. Both vessels were had an expected delivery period of Q1 2021. Two 2005 Aframax LR2 tankers were also purchased for USD$27.2 million from an undisclosed seller, with each having a minimum gross daily hire rate of USD$15,000 and an expected delivery period of Q1 2021.

CTRM Public Offering

April 5th, 2021 saw a sharp dip of 20% in CTRM stock prices, as the company announced a public offering. CTRM announced the sale of approximately 192.3 million shares, priced at USD$0.65 per share, to institutional investors. Gross proceeds before transaction-related expenses were anticipated to be USD$125 million.

CTRM Future Prospects

Despite investors being displeased with the offering and the pricing scheme CTRM adopted for it, the company has actively been expanding its fleet. With the pandemic driving shipping vessel prices down, CTRM is poised to capitalize on lowered prices to set itself up for the long run. Current and prospective investors hope the public offering will provide CTRM with the resources to leverage its growing fleet towards profitability for the company and shareholders.

Latest news

Westwater Resources, Inc. (WWR) Stock Surging in Aftermarket, Here’s Why

Westwater Resources, Inc. (WWR), an energy materials developer, has soared 19.77% in the aftermarket trading session. As a result, WWR stock is changing hands...

Ra Medical Systems, Inc. (RMED) Stock Surging in Aftermarket

Ra Medical Systems, Inc. (RMED), a commercial-stage medical device company, has increased 11.30% in aftermarket trading session. Consequently, RMED stock was trading at $3.25...

Payoneer Inc. (PAYO) Stock Steadily Declining in Aftermarket Despite No Reason

Payoneer Inc. (PAYO), a cross-border payment and commerce-enabling platform is trading at $8.19 at the time of the writing after declining 0.73% in aftermarket...

Why Capstone Green Energy Corp. (CGRN) Stock Dipping in Aftermarket?

Capstone Green Energy Corp. (CGRN), a company designing, assembling, and manufacturing microturbine power generation systems, has declined 7.14% in aftermarket trading session and consequently,...

Related news

Westwater Resources, Inc. (WWR) Stock Surging in Aftermarket, Here’s Why

Westwater Resources, Inc. (WWR), an energy materials developer, has soared 19.77% in the aftermarket trading session. As a result, WWR stock is changing hands...

Ra Medical Systems, Inc. (RMED) Stock Surging in Aftermarket

Ra Medical Systems, Inc. (RMED), a commercial-stage medical device company, has increased 11.30% in aftermarket trading session. Consequently, RMED stock was trading at $3.25...

Payoneer Inc. (PAYO) Stock Steadily Declining in Aftermarket Despite No Reason

Payoneer Inc. (PAYO), a cross-border payment and commerce-enabling platform is trading at $8.19 at the time of the writing after declining 0.73% in aftermarket...

Why Capstone Green Energy Corp. (CGRN) Stock Dipping in Aftermarket?

Capstone Green Energy Corp. (CGRN), a company designing, assembling, and manufacturing microturbine power generation systems, has declined 7.14% in aftermarket trading session and consequently,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam