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.
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.
|SHARES OUTSTANDING||899.56 M|
|SHARE FLOAT (%)||898.31 M (99.86%)|
|% HELD BY INSTITUTIONS||4.09|
Recent Stock Performance
|+/- EMA(20)||0.46 (-8.70%)|
|+/- SMA(50)||0.63 (-33.33%)|
|+/- SMA(200)||0.40 (+5.00%)|
|CCI20||-121.9596||Sell||Chaikin Money Flow||-0.2306||Sell|
|MACD||-0.0789||Sell||Money Flow Index||25.9708||Sell|
|STOCH (14,3)||15.2222||OverSold||STOCH RSI||0.2248||Sell|