Castor Maritime: Outstanding Financial Condition Despite Weaker Dry Bulk Market Conditions
- Company reported strong Q2 results with impressive operating cash flow generation. Tanker exposure should continue to benefit results in Q3.
- 09/25/2022
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What Are Penny Stocks and How to Trade Them in 2022
- How to trade penny stocks in 2022 The post What Are Penny Stocks and How to Trade Them in 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 05/22/2022
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Are These 3 Penny Stocks on Your Buy List or Not?
- Which penny stocks are you buying in May? The post Are These 3 Penny Stocks on Your Buy List or Not?
- 05/08/2022
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Why Castor Maritime Stock Shot Higher This Week
- Monster gains this week have to be put in perspective.
- 04/14/2022
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Hot Penny Stocks To Buy Now? 4 To Watch With Unusual Options Activity
- Penny stocks are well-known for providing massive gains for those who know… The post Hot Penny Stocks To Buy Now? 4 To Watch With Unusual Options Activity appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/11/2022
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Good Penny Stocks To Watch During the Bear Market Right Now?
- Which penny stocks are you watching right now? The post Good Penny Stocks To Watch During the Bear Market Right Now?
- 03/07/2022
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Looking For The Next Oil Stock To Run? 10 Companies To Add To Your Watchlist
- The most recent oil price rally has started to attract momentum traders with a large number of oil-related stocks showing outsized gains on massive volume. Introducing ten companies that have already been subject to violent moves in the past.
- 03/07/2022
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Trading Penny Stocks? Top Stock Market News for February 11th, 2022
- What you need to know about trading penny stocks today The post Trading Penny Stocks? Top Stock Market News for February 11th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 02/11/2022
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Castor Maritime (CTRM) Stock: Why The Price Surged Today
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 20.25% today. This is why it happened.
- 02/07/2022
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CTRM Stock: Why Is Castor Maritime Rallying 15% Today?
- Today, investors in Castor Maritime and CTRM stock are singing the praises of what was a rather impressive earnings beat. The post CTRM Stock: Why Is Castor Maritime Rallying 15% Today?
- 02/07/2022
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Best Penny Stocks to Buy Right Now? 4 to Watch in Mid-February
- Are these penny stocks on your watchlist right now? The post Best Penny Stocks to Buy Right Now?
- 02/07/2022
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Why Castor Maritime Shares Are Rising
- Castor Maritime Inc CTRM shares are trading higher by 8.7% at $1.32 Monday morning after the company reported fourth-quarter EPS results up from last year. Castor Maritime reported EPS of 18 cents per share for the three months ended December 31, 2021, as compared to a loss per share of 6 cents for the three months ended December 31, 2020.
- 02/07/2022
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Best Penny Stocks to Buy in January 2022? 3 to Watch Next Week
- Add these penny stocks to your January 2022 watchlist The post Best Penny Stocks to Buy in January 2022? 3 to Watch Next Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 12/30/2021
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Shipping on Wall Street: Is it better to be a pure play or jack of all trades?
- Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The answer is important: It affects how attractive a shipping stock is to investors, and in the case of extreme rate troughs, it affects the chances a public company can avoid restructuring or insolvency.
- 12/12/2021
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Are These Trending Penny Stocks Worth Buying Right Now?
- Which trending penny stocks are you watching right now? The post Are These Trending Penny Stocks Worth Buying Right Now?
- 11/09/2021
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7 Penny Stocks to Buy to Sidestep the Noise on Wall Street
- With so much chaos occurring on Wall Street, these lesser-known penny stocks to buy might fly profitably under the radar. The post 7 Penny Stocks to Buy to Sidestep the Noise on Wall Street appeared first on InvestorPlace.
- 10/21/2021
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Castor Maritime Enters New Charter Agreements For Two Carriers
- Castor Maritime Inc (NASDAQ: CTRM) has entered charger agreements for M/V Magic Orion and M/V Magic Eclipse. The M/V Magic Orion, 2006 built Capesize dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $73,000.
- 10/07/2021
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Do These Penny Stocks Deserve a Place On Your Watchlist?
- Why investors are watching these penny stocks right now The post Do These Penny Stocks Deserve a Place On Your Watchlist? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 09/22/2021
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Castor Maritime Enters New Charter Agreements For Two Vessels
- Castor Maritime Inc (NASDAQ: CTRM) has taken the delivery of M/V Magic Mars, the 2014 Korean-built Panamax dry bulk carrier, on September 20, 2021. The company has entered a charter agreement for the M/V Magic Mars at a gross daily charter rate of $34,600.
- 09/22/2021
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High Volume Penny Stocks to Buy Now? Take a Look At These 3
- Penny stocks with high volume are worth keeping an eye on, here's three to watch The post High Volume Penny Stocks to Buy Now? Take a Look At These 3 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 09/22/2021
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Why Castor Maritime Stock Is Soaring This Week
- The company is taking delivery of new ships at a time when charter rates are high.
- 09/16/2021
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Why Castor Maritime and Seanergy Stocks Popped Today
- Dry bulk shipping rates took a turn for the better.
- 09/13/2021
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Castor Maritime Stock Soars On New Charter Agreements
- Castor Maritime Inc (NASDAQ:CTRM) announced new charter agreements for three of its vessels. The M/V Magic Nebula, a Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $31,750.
- 09/13/2021
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CTRM Stock: The News That Has Castor Maritime Sailing Higher Today
- Today, Castor Maritime announced three charter agreements for its ships, leading retail investors to jump into CTRM stock in a big way. The post CTRM Stock: The News That Has Castor Maritime Sailing Higher Today appeared first on InvestorPlace.
- 09/13/2021
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Castor Maritime Inc. Announces New Charter Agreements
- LIMASSOL, Cyprus, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that:
- 09/13/2021
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Castor Maritime Acquires Vessel For $18.7M; Enters New Charter Agreements
- Castor Maritime Inc (NASDAQ: CTRM) has agreed, through a subsidiary, to acquire a 2008 Japanese-built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $18.75 million. The delivery of the vessel is expected in 4Q21.
- 08/26/2021
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Castor Maritime Inc. Announces Vessel Acquisition and New Charter Agreements
- LIMASSOL, Cyprus, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2008 Japanese-built Panamax dry bulk carrier from an unaffiliated third-party for a purchase price of $18.75 million. The acquisition is expected to be concluded by taking delivery of the vessel in the fourth quarter of this year and is subject to the satisfaction of certain customary closing conditions.
- 08/26/2021
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Extremely Risky Castor Maritime Stock Isn't Without Merit
- While CTRM stock is undoubtedly speculative and certainly not for everyone, gamblers may find some longshot value here. The post Extremely Risky Castor Maritime Stock Isn't Without Merit appeared first on InvestorPlace.
- 08/20/2021
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The shipping industry is seeing a cascading impact of the pandemic, expert says
- Michelle Wiese Bockmann, analyst at Lloyd's List, discusses shipping blockages.
- 08/16/2021
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Castor Maritime Inc. Announces Deliveries of the M/V Magic Pluto and M/V Magic Perseus
- LIMASSOL, Cyprus, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”) a diversified global shipping company, announces the acquisition of two dry bulk carrier vessels.
- 08/11/2021
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7 Stocks to Sell In August Before It's Too Late
- With the incredible volatility in the market you should look at these stocks to sell to reduce your risk exposure. The post 7 Stocks to Sell In August Before It's Too Late appeared first on InvestorPlace.
- 08/10/2021
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Castor Maritime: Recent Meme Stock Now In Value Territory - Buy For The Next Momentum Stampede
- Company reports respectable Q2 results with adjusted EBITDA almost quadrupling sequentially and meaningful cash generated from operations.
- 08/06/2021
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CTRM Stock Price Increased 23.76%: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 23.76%. This is why it happened.
- 08/05/2021
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Why Castor Maritime Stock Soared 30% Today
- The company has put new vessels to work.
- 08/05/2021
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So What's Up With Castor Maritime's Stock Thursday?
- Castor Maritime Inc (NASDAQ: CTRM) shares are trading higher by 15% at $2.33 Thursday morning after the company reported second-quarter EPS of 7 cents per share, up from a loss of 12 cents per share year-over-year. Castor Maritime also reported second-quarter sales of $21.80 million, up from $2.59 million year-over-year.
- 08/05/2021
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Castor Maritime Inc. Reports $6.5 Million net profit for the Three Months Ended June 30, 2021 and $7.6 Million net profit for the Six Months Ended June 30, 2021
- LIMASSOL, Cyprus, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three and six months ended June 30, 2021.
- 08/05/2021
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Why Castor Maritime Stock Is Higher This Week
- Investors cheered an announcement that could help fund future growth.
- 07/30/2021
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Castor Maritime Inc. Announces a New Charter Agreement at a Daily Gross Charter Rate of $39,500 For Its Capesize Vessel
- LIMASSOL, Cyprus, July 30, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”) a diversified global shipping company, announces that the M/V Magic Orion, a 2006 built Capesize dry bulk carrier, following completion of its current employment contract, has been fixed on a time charter contract earning a daily gross charter rate of $39,500, expected to commence on August 3, 2021, with a term of about 45 days.
- 07/30/2021
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Castor Maritime Will End Where It Started, With Nothing
- Castor Maritime started with one ship in 2017. Today, it has 26.
- 07/29/2021
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Castor Maritime Inc. Announces Completion of a $40.75 Million Debt Financing
- LIMASSOL, Cyprus, July 28, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the closing and drawdown of a $40.75 million senior term loan facility with a European bank (the “$40.75 Million Financing”), through four of its dry bulk vessel shipowning entities. The Company intends to use the net proceeds from the $40.75 Million Financing for general corporate purposes, including supporting the Company's growth plans.
- 07/28/2021
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High Volume Penny Stocks to Watch After The Market Crash
- Which penny stocks are traders watching after yesterday's market selloff? The post High Volume Penny Stocks to Watch After The Market Crash appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 07/20/2021
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Castor Maritime Stock: Technical Levels To Watch
- Despite its reverse split on May 28, the death spiral of Castor Maritime Inc. (NASDAQ: CTRM) continues. This chart teaches an important lesson about the markets.
- 07/06/2021
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Why Castor Maritime Sunk Another 15% in June
- Investors might want to give this dry bulk shipper a wide berth.
- 07/04/2021
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Hot Penny Stocks to Buy For the Rest of 2021? Check These 8 Out
- With July in full swing, which penny stocks are you watching this month? The post Hot Penny Stocks to Buy For the Rest of 2021?
- 07/01/2021
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Castor Maritime Is Drowning In an Endless Sea of Dilution
- CTRM stock recently pulled off a reverse split, but, the pain isn't over for shareholders yet. More dilution plus a hawkish Fed are bad news.
- 06/30/2021
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Why You Should Watch Castor Maritime From the Sidelines
- The reverse split in CTRM stock is a headwind, while increase in debt creates risks should shipping activity suddenly worsen. The post Why You Should Watch Castor Maritime From the Sidelines appeared first on InvestorPlace.
- 06/21/2021
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Reddit Stocks: How to Become a Millionaire With Meme Investing
- There's no doubt that meme investing can be risky. But there is a way that taking some moonshots with Reddit stocks can work in your favor.
- 06/18/2021
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Castor Maritime Stock Looks Even Worse Than Before After This Reverse Split
- CTRM stock will continue to shed value as it continues to pursue its aggressive expansion strategy at the expense of its shareholder value The post Castor Maritime Stock Looks Even Worse Than Before After This Reverse Split appeared first on InvestorPlace. Missing required attributes.
- 06/16/2021
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Castor Maritime Is Risking Long-Term Disappointment with Short-Term Fix
- Castor Maritime is trying to solve a short-term problem, the shortage of bulk shipping, with a long-term problem, debt on old boats. CTRM stock still has an undeserved Reddit following.
- 06/16/2021
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Castor Maritime Inc. Announces Compliance with Nasdaq Minimum Bid Price Requirement
- LIMASSOL, Cyprus, June 15, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it received a written confirmation from the Nasdaq Stock Market on June 14 2021, that the Company is in full compliance with Nasdaq Listing Rule 5550(a)(2) concerning the minimum bid price of the Company's stock, and the matter is now closed.
- 06/15/2021
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Castor Maritime's Profit Doesn't Make Its Stock a Buy
- Castor Maritime delivered a Q1 profit of $1.1 million. Is that enough to make me change my mind about CTRM stock?
- 06/10/2021
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Castor Maritime Is Worth Its Present Price Despite Its Recent Capital Raise
- Castor Maritime is worth its present price. CTRM stock is worth $3.38 per share on a net asset value basis, close to the price today.
- 06/09/2021
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Bulls Are Poised to Rally Around Castor Maritime
- Off and on the price chart, CTRM stock is in better shape to rally without the aid of Redditors, though support of that nature is appreciated. The post Bulls Are Poised to Rally Around Castor Maritime appeared first on InvestorPlace.
- 06/08/2021
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Don't Look For an Encore Performance with Castor Maritime
- CTRM stock was a big winner earlier this year but with the economic narrative not providing encouragement, this story may be done. The post Don't Look For an Encore Performance with Castor Maritime appeared first on InvestorPlace.
- 06/08/2021
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AMC, SNDL, BB, NAKD, GME, CTRM Stock Prices Increase Pre-Market
- The stock prices of a group of stocks that are favored by retail investors on various social media platforms have increased pre-market. These are the details.
- 06/07/2021
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Why Castor Maritime Stock Got Torpedoed for a 39% Loss in May
- A reverse stock split wasn't a cure to what's ailing Castor Maritime.
- 06/06/2021
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Why Castor Maritime Stock Dropped Again on Friday
- Castor Maritime had a good day Thursday. Hope you enjoyed it while it lasted.
- 06/04/2021
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In Time, Expect Castor Maritime Stock to Sink Even Lower
- With its recent reverse stock split failing to save the day, CTRM stock will eventually set sail towards lower prices. The post In Time, Expect Castor Maritime Stock to Sink Even Lower appeared first on InvestorPlace.
- 06/04/2021
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Why Castor Maritime Stock Is Moving Today
- Castor Maritime Inc (NASDAQ:CTRM) shares are trading higher by 18.3% at $3.69 Thursday morning after the company reported first-quarter EPS and sales results were up year-over-year. Castor Maritime reported quarterly earnings of 2 cents per share, compared to a loss of 7 cents per share from the same period last year.
- 06/03/2021
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Why Castor Maritime Stock Popped After Earnings
- For the first time in a long time, Castor Maritime is profitable again.
- 06/03/2021
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Castor Maritime Inc. Reports $1.1 Million net profit for the Three Months Ended March 31, 2021
- LIMASSOL, Cyprus, June 03, 2021 (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, 2021.
- 06/03/2021
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Why Castor Maritime Stock Collapsed Today
- Declines on the Baltic Dry Index are starting to look like a trend -- down.
- 05/28/2021
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Castor Maritime's Reverse Split Sets the Stage for Further Declines
- With CTRM stock set to execute a reverse split on Friday, shares are likely to remain under pressure in the near term. The post Castor Maritime's Reverse Split Sets the Stage for Further Declines appeared first on InvestorPlace.
- 05/27/2021
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Why Safe Bulkers and Star Bulk Carriers Dropped Today -- but Castor Maritime Stock Popped
- Declines on the Baltic Dry Index are starting to look like a trend.
- 05/25/2021
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CTRM Stock Price: Over 2% Increase Explanation
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by over 2% during intraday trading today. This is why it happened.
- 05/25/2021
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Castor Maritime Inc. Announces Deliveries of the M/V Magic Nebula, the M/T Wonder Vega, and the M/V Magic Starlight
- LIMASSOL, Cyprus, May 25, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that:
- 05/25/2021
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Why Castor Maritime Stock May Be In Trouble
- Shares of Castor Maritime Inc. (NASDAQ: CTRM) reached 36 cents on Monday. When they reached this level on May 13, a small rebound followed and there's a chance this happens again.
- 05/25/2021
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Why Castor Maritime Stock Sank Today
- The shipping specialist announced a reverse stock split.
- 05/24/2021
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CTRM Stock Price: Over 10% Decrease Explanation
- The stock price of Castor Maritime Inc. (NASDAQ: CTRM) fell by over 10% during intraday trading today. This is why it happened.
- 05/24/2021
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CTRM Stock: What Is Going on With Popular Castor Maritime Today?
- Castor Maritime moves to stay above the $1 per share Nasdaq minimum, with a 1-for-10 reverse stock split, effective on May 28. InvestorPlace contributors have been advising on the meme stock.
- 05/24/2021
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Best Penny Stocks for Your Monday Watchlist? Check These 3 Out
- Penny stocks are in focus as we enter the last week of May. Which companies are you watching?
- 05/24/2021
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Castor Maritime (CTRM) Stock: 1-For-10 Reverse Split
- Castor Maritime Inc. (NASDAQ: CTRM) announced that its board has determined to effect a 1-for-10 reverse stock split of the company's common shares. These are the details.
- 05/22/2021
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Castor Maritime Inc. Announces Reverse Stock Split to be Effective May 28, 2021
- LIMASSOL, Cyprus, May 21, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that its board of directors (the “Board”) has determined to effect a 1-for-10 reverse stock split of the Company's common shares. The Company's shareholders approved the reverse stock split by a ratio of not less than 1-for-2 and not more than 1-for-75 and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company's Annual Meeting of Shareholders held on November 25, 2020.
- 05/21/2021
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Are These 3 Penny Stocks About To Rally?
- Shares of Sundial Growers Inc. (NASDAQ:SNDL), Castor Maritime Inc. (NASDAQ:CTRM) and Cinedigm Corp. (NASDAQ:CIDM) have all been trending lower, but have reached support levels. That means there's a chance the sell-offs are over, at least for now.
- 05/20/2021
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Dry Bulk Shipping Trends Bode Well for Castor Maritime
- CTRM stock is low-priced and it's a fast mover. So, if you're prepared for a stormy ride on the penny-stock seas, then give this one a try.
- 05/18/2021
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Castor Maritime (CTRM) Stock: 12.47% Increase Explanation
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 12.47% today. This is why it happened.
- 05/17/2021
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Why Castor Maritime Stock Surged Today
- The shipping specialist is expanding its fleet.
- 05/17/2021
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4 Hot Reopening Penny Stocks That You Need to Know About
- These reopening penny stocks are up big today; are they worth watching? The post 4 Hot Reopening Penny Stocks That You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 05/17/2021
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7 Cheap Stocks to Buy Now Under $3
- It can be difficult to find cheap stocks worth buying. But these seven companies look promising and are all under $3.
- 05/17/2021
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Castor Maritime Inc. Announces New Vessel Acquisitions and the Delivery of the M/V Magic Vela
- LIMASSOL, Cyprus, May 17, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through two separate wholly-owned subsidiaries, into agreements to acquire a 2013 Japanese-built and a 2014 Korean-built Panamax dry bulk carrier from unaffiliated third-parties for a purchase price of $19.06 and $21.0 million respectively.
- 05/17/2021
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CTRM Stock: Over 5% Decrease Pre-Market Explanation
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) decreased by over 5% pre-market. This is why it happened.
- 05/11/2021
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Castor Maritime Stock Keeps Day-Traders Busy, but It's Too Risky Right Here
- Massive dilution means CTRM stock is overvalued and navigating choppy waters The post Castor Maritime Stock Keeps Day-Traders Busy, but It's Too Risky Right Here appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn't matter if you have $500 in savings or $5 million.
- 05/10/2021
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4 Reopening Penny Stocks For Your 2021 Watchlist
- Best reopening penny stocks for your 2021 watchlist The post 4 Reopening Penny Stocks For Your 2021 Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 05/07/2021
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Well Off Its Highs, Castor Maritime Stock Still Looks Overpriced
- CTRM stock trades at a 45% premium to the cash spent on its vessels. Neither its management nor its sector seem to support that premium.
- 05/05/2021
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CTRM Stock: From $0.50 To $0.4598 (8.04% Decrease) Intraday Explanation
- The stock price of Castor Maritime Inc. (NASDAQ: CTRM) fell from a previous close of $0.50 to a day low of $0.4598 during intraday trading. This is why it happened.
- 05/04/2021
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Castor Maritime Shares Are Headed for Choppy Waters
- Shares of CTRM stock have surged more than 200% over the past six months thanks to its devoted fans on social media. The post Castor Maritime Shares Are Headed for Choppy Waters appeared first on InvestorPlace.
- 05/03/2021
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Castor Maritime Stock Has a Lot Going For It If You Can Handle the Volatility
- No one's going to claim that CTRM stock has done well over the years. For a quick short-term gain, however, the stock might be worth owning.
- 04/29/2021
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Castor Maritime Is For Those That Are In for the Long Haul
- The chances of CTRM stock surging again are slim to none since the short float is not high enough to attract Redditors at the moment. The post Castor Maritime Is For Those That Are In for the Long Haul appeared first on InvestorPlace.
- 04/28/2021
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Why Castor Maritime Stock Popped This Morning, Then Dropped
- Castor Maritime put the pedal to the metal this morning, chasing the BDI higher.
- 04/27/2021
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CTRM Stock: 11.1% Increase Explanation
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 11.1% yesterday. This is why it happened.
- 04/27/2021
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Why Ocugen, Zomedica, Naked Brand, and Other Reddit Stocks Soared Today
- The bulls are on parade.
- 04/26/2021
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Don't Go Down With the Castor Maritime Ship
- Castor Maritime sold 192.3 million shares of CTRM stock in early April. Down 25% in the two weeks since, it remains a dud of an investment.
- 04/26/2021
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Castor Maritime Might Raise More Capital To Buy Ships, Crushing CTRM Stock
- Castor Maritime could raise more capital to buy ships, but here's what that would mean for CTRM stock down the road. The post Castor Maritime Might Raise More Capital To Buy Ships, Crushing CTRM Stock appeared first on InvestorPlace.
- 04/24/2021
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CTRM Stock: Over 6% Increase Intraday Explanation
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by over 6% during intraday trading. This is why it happened.
- 04/19/2021
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, April 19, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5 million.
- 04/19/2021
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Castor Maritime Stock Looks Good for a Rally After a Sharp Correction
- Selling seems to be overdone in CTRM stock. With aggressive fleet expansion, the company is positioned for strong top-line growth.
- 04/19/2021
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3 Ultra-Popular Stocks Destroying Shareholder Value
- These companies are the stock market's worst share-based diluters.
- 04/18/2021
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Castor Maritime Has Gotten Way Ahead Of Itself At This Point
- CTRM stock is incredibly overvalued compared to its peers and is unattractive without a major price correction The post Castor Maritime Has Gotten Way Ahead Of Itself At This Point appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn't matter if you have $500 in savings or $5 million.
- 04/16/2021
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, April 16, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2005 Korean-built Aframax tanker from an unaffiliated third-party for a purchase price of $14.8 million.
- 04/16/2021
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Castor Maritime Nears End Of A Pattern: Technical Levels To Watch
- Castor Maritime Inc. (NASDAQ:CTRM) traded 6.3% higher Thursday to close at $0.46. Below is a technical look at the chart.
- 04/15/2021
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Castor Maritime Stays Afloat Playing the Penny Stock Game
- Castor Maritime may have a good idea, using CTRM stock to buy boats and take advantage of rising shipping rates. But it's not a game small investors should be getting into.
- 04/14/2021
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Castor Maritime Has an Aggressive Business Plan But an Expensive Stock
- CTRM stock gained interest, becoming a meme stock, but its valuation and fundamentals make it a very risky bet in the shipping sector. The post Castor Maritime Has an Aggressive Business Plan But an Expensive Stock appeared first on InvestorPlace.
- 04/12/2021
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Why Castor Maritime Stock Just Dropped
- The BDI is down 10% in three weeks, and Castor Maritime stock is down 50%.
- 04/12/2021
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Don't Fight the Tape With Castor Maritime Stock
- CTRM stock was once an interesting gamble but its seeming dependence on social media makes it an incredibly risky venture. The post Don't Fight the Tape With Castor Maritime Stock appeared first on InvestorPlace.
- 04/09/2021
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CTRM Stock: The News Giving Shipping Company Castor Maritime a Bump Today
- Castor Maritime (CTRM) stock got a boost on Friday after announcing the acquisition of a new shipping vessel for $18.48 million. The post CTRM Stock: The News Giving Shipping Company Castor Maritime a Bump Today appeared first on InvestorPlace.
- 04/09/2021
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What's Going On With Moderna Stock And Castor Maritime Stock Today?
- Moderna Inc (NASDAQ: MRNA) shares are trading higher by 6.6% after French health officials on Thursday said an mRNA vaccine can be used in place of the second shot from AstraZeneca. Additionally, White House COVID-19 Response Coordinator Jeff Zients recently said the U.S. is on track of meeting the goal of 100 million shots in 100 days.
- 04/09/2021
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5 Reddit Penny Stocks Seeing the Most Chatter Friday
- Reddit penny stocks continue to be a hot subject among retail investors and we're looking at the most-talked-about ones today. The post 5 Reddit Penny Stocks Seeing the Most Chatter Friday appeared first on InvestorPlace.
- 04/09/2021
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Snap And Castor Maritime Are Both Reaching Key Technical Levels
- Snap Inc. (NYSE:SNAP) shares are trading higher Wednesday on reports the company acquired Screenshop as part of its e-commerce push. It looks to be breaking out of a pennant.
- 04/07/2021
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Why the Meme Stock Crowd Is Wrong About Castor Maritime Stock
- Meme stock investors have helped cause a parabolic move in CTRM stock, but here's why that sort of swing is unlikely to materialize again. The post Why the Meme Stock Crowd Is Wrong About Castor Maritime Stock appeared first on InvestorPlace.
- 04/07/2021
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What's Going On With Snap Stock And Castor Maritime Stock Today?
- Castor Maritime Inc (NASDAQ: CTRM) shares are trading lower by 7% Wednesday morning, potentially on continued momentum after the company priced its $125 million registered direct offering at 65 cents per share. Castor Maritime is a provider of worldwide seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, scrap metal, among others.
- 04/07/2021
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Castor Maritime Stock Price Fell 20.98%: Why It Happened
- The stock price of Castor Maritime Inc. (NASDAQ: CTRM) fell by 20.98% yesterday. This is why it happened.
- 04/06/2021
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Here's Why TKAT Stock, CTRM Stock And PTON Stock Are Moving Today
- Takung Art Co Ltd (Pink: TKAT) shares are trading higher on continued momentum as the stock is being circulated as a potential non-fungible token (NFT) play. The Hong Kong-based online art trading platform's rise prompted by increased attention from social media amid frenzy surrounding non-fungible tokens.
- 04/05/2021
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Why Castor Maritime Stock Crashed Today
- Investors are about to have their ownership stakes significantly diluted.
- 04/05/2021
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CTRM Stock: The Big News That Has Castor Maritime Sinking Today
- Shares of CTRM stock are down big today, as the company announced a $125 million equity raise at a significant discount to its previous close. The post CTRM Stock: The Big News That Has Castor Maritime Sinking Today appeared first on InvestorPlace.
- 04/05/2021
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Castor Maritime Stock Price Fell Over 4% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) fell by over 4% pre-market. This is why it happened.
- 04/05/2021
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Castor Maritime Isn't Just a Meme Play, but It's Still a High-Risk Proposition
- After two years in which Castor Maritime and other shippers have faced significant headwinds, is CTRM stock a buy with an expected shipping boom? The post Castor Maritime Isn't Just a Meme Play, but It's Still a High-Risk Proposition appeared first on InvestorPlace.
- 04/03/2021
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Two Words Scream, “Avoid Castor Maritime Stock”
- The ship that was stuck in the Suez tells investors everything they need to know to make a decision about Castor Maritime and CTRM stock. The post Two Words Scream, “Avoid Castor Maritime Stock” appeared first on InvestorPlace.
- 04/01/2021
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Castor Maritime Stock Is Another Silly Rally That Will Keep Reversing
- CTRM stock was a beneficiary of the January/February "Reddit rally." Much of that rally has faded; valuation and governance concerns will maintain downward pressure.
- 04/01/2021
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Castor Maritime Is Attractive Yet Lacks Operational Strength
- CTRM stock has the allure of a cheap stock and an easily understandable business model but its past indicates trouble. The post Castor Maritime Is Attractive Yet Lacks Operational Strength appeared first on InvestorPlace.
- 03/26/2021
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Castor Maritime Poised to Trade Lower Toward Its Inherent Book Value
- Castor Maritime is set to trade lower toward its inherent book value. CTRM stock has an indeterminate book value per share (BVPS), but it is likely to fall at least 50% from here.
- 03/23/2021
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If You Have to Have CTRM Stock, Treat It Like the Huge Gamble It Is
- In fact, with the potential for the recent round of stimulus to fuel more speculation, you may be able to take a gamble, and profit, from CTRM stock once again. However, if you choose to roll the dice, tread carefully.
- 03/21/2021
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Castor Maritime Inc. Announces Deliveries of the M/V Magic Orion and the M/V Magic Argo
- LIMASSOL, Cyprus, March 19, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on March 17, 2021, it took delivery of the M/V Magic Orion, a 2006 Japanese-built Capesize dry bulk carrier, and on March 18, 2021, it took delivery of the M/V Magic Argo, a 2009 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on January 20 and February 3, 2021, respectively. Both acquisitions were financed in their entirety with cash on hand.
- 03/19/2021
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Another Run for $2 Is Possible for Castor Maritime Stock
- It's fine that CTRM stock is popular on Robinhood and on Reddit, but that's not necessarily what will catalyze the share price going forward. The post Another Run for $2 Is Possible for Castor Maritime Stock appeared first on InvestorPlace.
- 03/17/2021
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Castor Maritime Stock May Be Bleeding Sentiment as It Bobs Above a Buck
- CTRM stock has been a strong beneficiary of social media but the music might stop due to possibly weak hands occupying the higher price thresholds. The post Castor Maritime Stock May Be Bleeding Sentiment as It Bobs Above a Buck appeared first on InvestorPlace.
- 03/16/2021
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CTRM Stock Price Increased 13.52% This Past Week: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) has increased by 13.52% over the past week. This is why it happened.
- 03/13/2021
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8 Reopening Stocks Under $5
- Analysts and economists are expecting the U.S. economy to significantly accelerate in coming quarters as the coronavirus vaccine rollout facilitates the reopening of many businesses and the unlocking of pent-up demand in hard-hit segments of the economy, including restaurants, travel and retail. With the next round of $1,400 stimulus payments set to go out starting this weekend, some of the most popular stocks among younger retail traders could get a major boost ahead of the economic reopening.
- 03/12/2021
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Castor Maritime Inc. Announces New Vessel Acquisition and the Delivery of the M/T Wonder Polaris
- LIMASSOL, Cyprus, March 12, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2011 Japanese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $16.85 million.
- 03/12/2021
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Castor Maritime (CTRM) Announces 7th Vessel Acquisition Of This Year
- Castor Maritime Inc. (NASDAQ: CTRM) announced it entered into an agreement to buy a 2010 Korean-built Kamsarmax dry bulk carrier. The post Castor Maritime (CTRM) Announces 7th Vessel Acquisition Of This Year appeared first on Pulse 2.0.
- 03/10/2021
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Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion
- Castor Maritime is growing its fleet in anticipation of global economic recovery, but the Reddit effect is also amplifying CTRM stock growth. The post Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion appeared first on InvestorPlace.
- 03/05/2021
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CTRM Stock Price Increased 1.88%: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 1.88% yesterday. This is why it happened.
- 03/04/2021
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Why Castor Maritime Stock Jumped Higher in February
- The company is in the middle of an aggressive expansion strategy.
- 03/02/2021
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CTRM Stock Price Increases Over 6% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) has increased by over 6% pre-market as of 7:48 AM ET. This is why it happened.
- 03/01/2021
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The Narrative for Koss Is More Interesting Than Its Shares
- A broader mental fracturing has caused KOSS stock to rise to ridiculous valuations, only to plummet down to earth. Let that be a permanent lesson that you don't have friends on Wall Street.
- 02/22/2021
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.8 million.
- 02/18/2021
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CTRM Stock Price Increases Over 6% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 6% pre-market. This is why it happened.
- 02/16/2021
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Why Star Bulk and Diana Shipping Stocks Are Up Today, but Castor Maritime Is Down Big Time
- Dry-bulk shipping prices are no longer in free fall. So is it time to buy?
- 02/12/2021
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7 Penny Stocks That Look Far Too Risky to Bet On
- In the midst of an expensive market, traders are turning to penny stocks as a cheaper alternative. But avoid these seven risky penny names.
- 02/12/2021
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CTRM Stock Price Increased Over 63%: Why It Happened
- The stock price of Castor Maritime Inc. (NASDAQ: CTRM) saw its stock price increase by over 63% today during intraday trading. These are the details.
- 02/11/2021
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CTRM Stock: The News That Has Castor Maritime Shares Soaring (Again)
- Castor Maritime (CTRM) stock is on the rise again Thursday after announcing its acquisition of two ships to enter the tanker market with. The post CTRM Stock: The News That Has Castor Maritime Shares Soaring (Again) appeared first on InvestorPlace.
- 02/11/2021
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Why Globalstar, Castor Maritime, and Zomedica Stocks Surged Today
- Trading is booming in these popular penny stocks.
- 02/10/2021
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CTRM Stock Price Increases Over 9% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading up over 9% in the pre-market as of 8:27 AM ET. This is why it happened.
- 02/10/2021
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Why Castor Maritime Stock Soared Today
- Traders are raising their bets on the popular penny stock.
- 02/08/2021
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CTRM Stock: 2 Big Reasons Castor Maritime Shares Are Climbing Today
- CTRM stock is on the move Monday thanks to social media buzz and recent news of Castor Maritime's fleet expansion. Here's what to know.
- 02/08/2021
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CTRM Stock Price Increases Over 10% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 10% pre-market today. This is why it happened.
- 02/08/2021
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CTRM Stock Price Increases 6.93%: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by 6.93%. This is why it happened.
- 02/03/2021
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2009 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.5 million.
- 02/03/2021
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.85 million.
- 02/01/2021
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CTRM Stock Price Increases Over 12% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) increased by over 12% pre-market. This is why it happened.
- 02/01/2021
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CTRM Stock Price Increases Over 35% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) has increased by over 35% pre-market. This is why it happened.
- 01/28/2021
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CTRM Stock Price Increases Over 2% Pre-Market: Why It Happened
- The stock price of Castor Maritime Inc (NASDAQ: CTRM) has increased by over 2%. This is why it happened.
- 01/25/2021
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Castor Maritime Inc. Announces $15.3 Million Debt Financing
- LIMASSOL, Cyprus, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces the closing, through two of its ship-owning subsidiaries, of a $15.3 million senior term loan facility with a reputable European financial institution (“the $15.3 Million Financing”), secured by two of its vessels. The loan is expected to be drawn down before the end of this month. The Company intends to use the net proceeds from the $15.3 Million Financing to support the Company's growth plans.
- 01/22/2021
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CTRM Stock Alert: 12 Things to Know About Castor Maritime as Shares Soar
- Castor Maritime (CTRM) stock is on the rise Tuesday as the company completes a direct offering of its shares to institutional investors. The post CTRM Stock Alert: 12 Things to Know About Castor Maritime as Shares Soar appeared first on InvestorPlace.
- 01/12/2021
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Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering
- LIMASSOL, Cyprus, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 137.0 million of its common shares and warrants to purchase up to an aggregate of 137.0 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.
- 01/08/2021
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Castor Maritime Inc. Announces Pricing of $18.0 Million Registered Direct Offering
- LIMASSOL, Cyprus, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.
- 12/31/2020
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Castor Maritime Inc. Receives 180-day Extension from Nasdaq to Meet Nasdaq Minimum Bid Price Rule; Announces entry into binding commitment letter for financing of two dry bulk carriers
- LIMASSOL, Cyprus, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today the receipt of a notification letter from the Nasdaq Stock Market ("Nasdaq") granting the Company an additional 180-day extension, or until June 28, 2021, to regain compliance with Nasdaq's minimum bid price requirement (the “Second Compliance Period”).
- 12/30/2020
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Castor Maritime Inc. Announces Results of its 2020 Annual General Meeting of Shareholders
- LIMASSOL, Cyprus, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that the Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on November 25, 2020 at 9:00 a.m., local time, at the offices of Seward & Kissel LLP, One Battery Park Plaza, New York, New York 10004.
- 11/27/2020
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Castor Maritime Inc. Announces Change to the Location and Date of its 2020 Annual General Meeting of Shareholders
- LIMASSOL, Cyprus, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that, due to recently imposed restrictions in Cyprus related to the COVID-19 pandemic, the Company's 2020 Annual General Meeting of Shareholders (the "Meeting"), originally scheduled to be held on November 19, 2020 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, will be adjourned and reconvened on November 25, 2020 at 9:00 a.m., local time, at the offices of Seward & Kissel LLP, One Battery Park Plaza, New York, New York 10004. The previously announced record date of October 16, 2020 (the "Record Date") remains unchanged. These changes have been made out of an abundance of caution and are intended to support the health and well-being of the Company's shareholders. Shareholders of record as of the Record Date may still attend the Meeting and revoke their proxy at any time before it is voted; however, the Company strongly encourages shareholders to consider safety first over attending the Meeting in person. Shareholders who attend the Meeting in person may be subject to health screening and safety procedures consistent with practices advised by governmental authorities in New York City and the State of New York.
- 11/16/2020
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UPDATE - Castor Maritime Inc. Reports Financial Results for the Three Months and Nine Months Ended September 30, 2020
- LIMASSOL, Cyprus, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced its results for the three months and nine months ended September 30, 2020.
- 11/11/2020
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Castor Maritime Inc. Reports Financial Results for the Three Months and Nine Months Ended September 30, 2020
- LIMASSOL, Cyprus, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced its results for the three months and nine months ended September 30, 2020.
- 11/11/2020
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Castor Maritime: Another Greek Nano-Cap Shipper Growing Its Fleet At The Expense Of Common Shareholders
- Shares are down 97% since the company listed on Nasdaq in February 2019 as a result of a mostly weak dry bulk market and lack of fundamental value.
- 09/08/2020
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Castor Maritime Inc. Announces Delivery of the M/V Magic Rainbow and Commercial Update
- LIMASSOL, Cyprus, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that, in connection with a previously announced acquisition of a 2007 Chinese-built Panamax dry bulk carrier from an unaffiliated third party seller, it has taken delivery, through one of its wholly-owned subsidiaries, on August 8, 2020, of the M/V Magic Rainbow (the “Magic Rainbow Acquisition”). The Magic Rainbow Acquisition was financed in whole with cash on hand that the Company raised in two equity offerings that it conducted in June and July of this year. Following its delivery and as previously announced, the M/V Magic Rainbow commenced on August 12, 2020, employment under a charter party contract with an expected term of a minimum of three months that can extend up to a maximum of five months, at a daily gross hire rate of $10,300.Further, on August 13, 2020, the M/V Magic Sun entered into a new time charter agreement with Ausca Shipping Limited at a daily gross hire rate of $12,500. The charter agreement has an expected term of 3-4 months and is expected to commence on or around August 15, 2020.Following these commercial developments, the Company’s fleet employment profile as of today is as follows:Vessel NameDWTYear BuiltCountry of constructionDaily Gross Charter RateRedelivery Date (Earliest/ Latest) Magic P76,4532004Japan$9,000December 2020March 2021 Magic Sun75,3112001Korea$12,500November 2020December 2020 Magic Moon 76,6022005Japan$9,000September 2020October 2020 Magic Rainbow73,5932007China$10,300November 2020January 2021 Petros Panagiotidis, Chief Executive Officer and Chief Financial Officer of Castor commented:“We are extremely pleased that, despite the various challenges presented by the ongoing COVID-19 pandemic, we have successfully completed the Magic Rainbow Acquisition, just a few weeks after the conclusion of two capital raising transactions that significantly bolstered our capital structure. The acquisition of the M/V Magic Rainbow together with our previously announced acquisition of our fifth vessel is a testament of our determination to rapidly grow our fleet and create value for our shareholders. We are equally satisfied to have been able to contract, in this volatile market environment, two out of our four vessels at competitive and above breakeven charter hire rates, providing us with further stability and visibility of cash flows.”About Castor Maritime Inc. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.The Company's fleet currently consists of four Panamax dry bulk carriers and, upon completion of the previously announced acquisition of a 2010 Japan-built Panamax dry bulk carrier, the Company’s fleet will consist of five dry bulk carriers.For more information please visit the company’s website at www.castormaritime.com.Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 pandemic, the impact of public health threats and outbreaks of other highly communicable disease, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off‐hire, risks associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.CONTACT DETAILS For further information please contact:Petros Panagiotidis Castor Maritime Inc. Email: info@castormaritime.comMedia Contact: Kevin Karlis Capital Link Email: castormaritime@capitallink.com
- 08/14/2020
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Castor Maritime Inc. Announces Vessel Acquisition
- LIMASSOL, Cyprus, July 29, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces that yesterday it entered, through a separate wholly-owned subsidiary, into an agreement to purchase a 2010 Japan-built Panamax dry bulk carrier for a purchase price of $12.75 million from an unaffiliated third party seller. The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the third quarter / beginning of the fourth quarter of this year and is subject to the satisfaction of certain customary closing conditions.Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented:“We are very pleased that we have been able to utilize further our recently raised capital by agreeing the acquisition of our fifth vessel, in a very short time since the acquisition of our fourth. We are making swift progress on our expansion and renewal plan that we set in place last year and are actively continuing to assess the various opportunities presented to us. Our key goal continues to be the further expansion of our fleet and the deployment of our readily available liquidity in the most prudent and favorable way for our shareholders.”About Castor Maritime Inc. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.Upon completion of this acquisition, the Company's fleet will consist of five Panamax dry bulk carriers.For more information please visit the company’s website at www.castormaritime.com.Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off‐hire, risks associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.CONTACT DETAILS For further information please contact:Petros Panagiotidis Castor Maritime Inc. Email: info@castormaritime.comMedia Contact: Kevin Karlis Capital Link Email: castormaritime@capitallink.com
- 07/29/2020
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Castor Maritime Inc. Announces Closing of $17.3 Million Registered Direct Offering
- LIMASSOL, Cyprus, July 15, 2020 -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today the closing of its previously announced registered direct offering of.
- 07/15/2020
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Castor Maritime Inc. Announces Pricing of $17.3 Million Registered Direct Offering
- LIMASSOL, Cyprus, July 13, 2020 -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today that it has entered into a securities purchase agreement with certain.
- 07/13/2020
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Castor Maritime Inc. Announces New Charter Agreement
- LIMASSOL, Cyprus, July 09, 2020 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 07/09/2020
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Castor Maritime Inc. Announces Vessel Acquisition
- The acquisition is expected to be consummated by taking delivery of the vessel by the end of August 2020 and is subject to the satisfaction of certain customary closing conditions. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels.
- 06/30/2020
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Castor Maritime Inc. Announces Closing of Upsized $20.7 Million Underwritten Public Offering Including Full Exercise of Overallotment Option
- Each unit consisted of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and immediately separated upon issuance. In addition, the Company granted to Maxim Group LLC a 30-day option to purchase up to an additional 7,710,000 common shares (or prefunded warrants in lieu thereof) and/or up to 7,710,000 Class A warrants, at the public offering price less discounts and commissions, of which Maxim Group LLC has fully exercised its option to purchase 7,710,000 common shares and 7,710,000 Class A warrants.
- 06/26/2020
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Castor Maritime Inc. Announces Pricing of Upsized $18.0 Million Underwritten Public Offering
- Each unit consists of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $18.0 million. The Company intends to use the net proceeds of the offering for capital expenditures, working capital, to make vessel or other asset acquisitions or for other general corporate purposes, or a combination thereof.
- 06/24/2020
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Castor Maritime Inc. Reports Financial Results for the Three Months Ended March 31, 2020
- LIMASSOL, Cyprus, June 02, 2020 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 06/02/2020
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12 Industrials Stocks Moving In Wednesday's Pre-Market Session
- Gainers
• Nxt-ID, Inc. (NASDAQ:NXTD) stock rose 102.40% to $0.76 during Wednesday's pre-market session.
• BIO-key International, Inc. (NASDAQ:BKYI) shares rose 13.04...
- 04/29/2020
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Castor Maritime Inc. Announces Receipt of NASDAQ Notice
- LIMASSOL, Cyprus, April 20, 2020 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 04/20/2020
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14 Industrials Stocks Moving In Monday's Pre-Market Session
- Gainers
Castor Maritime, Inc. (NASDAQ: CTRM) shares surged 11.4% to $0.64 during Monday's pre-market session.
Virgin Galactic Hldgs, Inc. (NYSE: SPCE) shares surged...
- 04/06/2020
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CASTOR MARITIME INC. ANNOUNCES AVAILABILITY OF ITS 2019 ANNUAL REPORT ON FORM 20‐F
- LIMASSOL, Cyprus, March 31, 2020 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 03/31/2020
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6 Industrials Stocks Moving In Friday's Pre-Market Session
- Gainers
• SuperCom, Inc. (NASDAQ:SPCB) shares surged 18.61% to $0.65 during Friday's pre-market session. According to the most recent rating by HC Wainwright & Co.,...
- 03/27/2020
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CASTOR MARITIME INC. ANNOUNCES FLEET COMMERCIAL UPDATE
- Although it is very difficult to reasonably predict the estimated length or severity of the COVID-19 pandemic on future operating results, we are working very hard to ensure that we insulate our Company, as much as possible, from the, hopefully, short-term volatility and weakness in rates. This new fixture, together with the existing fixtures for our other two vessels, allows us to operate in a cash flow positive basis. Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels.
- 03/26/2020
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Stocks That Hit 52-Week Lows On Friday
- Friday morning, 940 companies set new 52-week lows.
Interesting Points:
The largest company by market cap to set a new 52-week low was Bank of America (NYSE: BAC).
The...
- 03/06/2020
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Castor Maritime Inc. Reports Financial Results for the Three Months and Year Ended December 31, 2019
- LIMASSOL, Cyprus, March 04, 2020 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 03/04/2020
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Castor Announces Financing Agreements
- The secured term loan facility and the convertible debentures are subject to normal closing conditions. On January 23, 2020, the Company entered into a $4.5 million secured term loan facility with a financial institution, through one of its ship-owning subsidiaries (“the M/V Magic Sun Financing”).
- 01/27/2020
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Castor Maritime Inc. Reports Financial Results for the Three and Nine Months Ended September 30, 2019
- LIMASSOL, Cyprus, Dec. 16, 2019 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.
- 12/16/2019
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Castor Announces $11.0 Million Senior Secured Debt Financing
- The Company intends to use the net proceeds from the Alpha Bank Financing to retire its $7.5 million existing shareholder bridge loan and to fund its ongoing plans for growth. The Alpha Bank Financing will have a tenor of five years from the drawdown date and will bear interest at 3.50% plus LIBOR per annum.
- 11/25/2019
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Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the Company’s Annual General Meeting of Shareholders was duly held on October 21, 2019 at 6:00 p.m. local time at the Company's executive offices in Limassol, Cyprus. The appointment of Deloitte Certified Public Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2019.
- 10/23/2019
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Castor Maritime Inc. Announces Delivery of the M/V Magic Moon
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that, in connection with a previously announced Memorandum of Agreement dated October 14, 2019, it has taken delivery, through one of its wholly-owned subsidiaries, of the M/V Magic Moon (the “Magic Moon Acquisition”). The Magic Moon Acquisition was financed using a combination of cash on hand and the proceeds from a $7.5 million interest free unsecured bridge loan, which was provided to the Company by an entity controlled by Petros Panagiotidis, Castor’s Chairman, Chief Executive Officer and Chief Financial Officer (the “$7.5 Million Bridge Financing”).
- 10/23/2019
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Castor Maritime Inc. Announces Vessel Acquisition
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on October 14, 2019, through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of $10.2 million from a third party in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest. The acquisition is expected to be consummated by taking delivery of the vessel by the end of October 2019 and is subject to the satisfaction of certain customary closing conditions.
- 10/17/2019
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Castor Maritime Inc. Announces Amendment to Its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares and Waiver of All Accrued Dividends
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced an agreement with all of the holders of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) to waive all accumulated dividends and to adopt and to Amend and Restate the Statement of Designations of its Series A Preferred Shares (the “Agreement”). Pursuant to the Agreement, the Company will issue 300,000 common shares to the holders of the Series A Preferred Shares in exchange for the waiver of approximately $4.3 million worth of dividends accumulated on the Series A Preferred Shares, for the period since their original issuance to June 30, 2019.
- 10/11/2019
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Castor Maritime Inc. Announces the Date of Its 2019 Annual General Meeting of Shareholders
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that its Board of Directors (the "Board") has scheduled the Company’s 2019 Annual General Meeting of Shareholders (the "Meeting") to be held on October 21, 2019 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of September 23, 2019 (the "Record Date") for the determination of the Shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.
- 10/01/2019
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Castor Maritime Inc. Announces Change in Fiscal Year End
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, announced today that its Board of Directors has approved a change in the Company’s fiscal year end from September 30 to December 31. This change is being made to better align Castor’s reporting calendar with other NASDAQ listed companies and its industry peers. Castor’s next fiscal year will end on December 31, 2019, resulting in a three-month transition period from October 1, 2018 to December 31, 2018.
- 09/27/2019
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Castor Maritime Inc. Announces New Vessel Acquisition
- Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase a 2001 Korean built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $6.7 million. Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented: "We are pleased to announce the acquisition of our second dry bulk carrier, which, in a very short period, doubles the size of our fleet.
- 07/29/2019
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