Castor Maritime Inc (NASDAQ:CTRM) is moving down sharply in pre-market trading.
As of 7:42, CTRM stock fell $0.0746 or 17.57% to $0.3501 on hefty volume of 6.40 million shares.
CTRM Released News Late Friday
Castor Maritime Inc. Announces Reverse Stock Split to be Effective May 28, 2021
- 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.
- The reverse stock split will take effect, and the Company’s common shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”) as of the opening of trading on May 28, 2021. The CUSIP number of Y1146L125 will be assigned to the Company’s common shares when the reverse stock split becomes effective.
|SHARES OUTSTANDING||899.56 M|
|SHARE FLOAT (%)||898.31 M (99.86%)|
|% HELD BY INSTITUTIONS||4.56|
Recent Stock Performance
|+/- EMA(20)||0.45 (-6.67%)|
|+/- SMA(50)||0.59 (-28.81%)|
|+/- SMA(200)||0.41 (+2.44%)|
|CCI20||-43.3002||Neutral||Chaikin Money Flow||-0.1657||Sell|
|MACD||-0.0554||Sell||Money Flow Index||45.3494||Buy|
|STOCH (14,3)||50.8648||Buy||STOCH RSI||0.6006||Neutral|