Is Castor Maritime Inc (NASDAQ:CTRM) Warming Up For Big Move?

Castor Maritime Inc (NASDAQ:CTRM) is moving higher Monday. If it holds its gains, it will be the first two-day win streak since March and could be the start of something.

Market Action

As of 12.33, CTRM stock jumped 6.72% to $0.4211. More than 66.07 million shares have been traded hands. The stock has moved within a range of $0.3975-$0.4380 after opening at $0.3999.

CTRM Issues News

Castor Maritime Inc. Announces New Vessel Acquisitions and the Delivery of the M/V Magic Vela

  • CTRM 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.
  • The acquisitions are expected to be consummated by taking delivery of the vessels within the third and fourth quarter of this year and are subject to the satisfaction of certain customary closing conditions.
  • The 2013 Japanese-built dry bulk carrier will be delivered to the Company with a time charter contract attached with a reputable charterer, at a daily gross charter rate of $11,650 and with an estimated remaining term of about 2 to 4 months.

Trader Notes

Share Information

SHARE FLOAT (%)898.31 M (99.86%)

Recent Stock Performance

5-DAY PERF.+1.32%
1-MONTH PERF.-6.47%
3-MONTH PERF.-63.62%
6-MONTH PERF.+212.82%
YTD PERF.+128.11%
1-YEAR PERF.-35.58%

Moving Averages

+/- EMA(20)0.46 (-8.70%)
+/- SMA(50)0.63 (-33.33%)
+/- SMA(200)0.40 (+5.00%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-121.9596SellChaikin Money Flow-0.2306Sell
MACD-0.0789SellMoney Flow Index25.9708Sell
STOCH (14,3)15.2222OverSoldSTOCH RSI0.2248Sell
UO35.1481BuyWilliams %R-84.7778OverSold

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