Castor Maritime Inc (NASDAQ:CTRM) continues to see upward momentum and is trading higher in the opening session on Wednesday.
Market Action
In the opening session, CTRM stock is up by 4% at $3.48. The stock has traded 2.13 million shares compared to its average volume of 86.68 million shares. The stock opened at $3.37 and moved in a range of $3.3700 – 3.5200.
Major Trigger:
Castor Maritime Inc. Announces Delivery of the M/V Magic Eclipse and New Charter Agreement
Key Highlights:
- announces that on June 7, 2021, it took delivery of the M/V Magic Eclipse, the 2011 Japanese-built Panamax dry bulk vessel it had agreed to acquire as previously announced on April 9, 2021. The M/V Magic Eclipse acquisition was financed in its entirety with cash on hand.
- The M/V Magic Eclipse commenced employment today under a time charter contract at a daily gross charter rate of $26,500 and with an expected term of about 105 days.
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 31.3704 | Sell | ATR14 | 0.3075 | |
| CCI20 | -86.9238 | Sell | Chaikin Money Flow | -0.2421 | Sell |
| MACD | 0.7640 | Buy | Money Flow Index | 44.8860 | Sell |
| ROC | -21.4721 | Sell | RSI | 81.1353 | OverBought |
| STOCH (14,3) | 23.9130 | Neutral | STOCH RSI | 0.0006 | OverSold |
| UO | 35.2230 | Neutral | Williams %R | -76.0870 | Neutral |
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