CTRM - Castor Maritime Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
0.3290
-0.0387 (-10.52%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3677
Open0.3622
Bid0.3190 x 3200
Ask0.3250 x 900
Day's Range0.2100 - 0.3629
52 Week Range0.2100 - 5.2800
Volume15,475,779
Avg. Volume5,879,776
Market Cap23.185M
Beta (5Y Monthly)N/A
PE Ratio (TTM)1.94
EPS (TTM)0.1700
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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”).

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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”).

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.