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Bounce-Back Bargains: 3 Oversold Stocks Ripe for a Short-Term Surge
InvestorPlace· 2024-04-01 17:30
When the stock market pushes too high too fast, sudden corrections can reveal several oversold stocks for a short-term surge. Reasons for large dips include simple differences of opinion on a company’s prospects, short-term holders exiting positions with long-term potential, or negative events that temporarily spook fair-weather investors. Margin calls against large shareholders or disproportionate media coverage can also trigger selloffs.Indicators measuring momentum, like the Relative Strength Index (RSI) ...
Castor Maritime Inc. Announces Reverse Stock Split to be Effective March 27, 2024
Newsfilter· 2024-03-22 20:05
LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor", or the "Company"), a diversified global shipping company, 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-two and not more than 1-for-100 and granted the Board the authority to determine the exact split ratio and when to proce ...
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Orion
Newsfilter· 2024-03-22 13:00
LIMASSOL, Cyprus, March 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on March 22, 2024, it completed the previously announced sale of the M/V Magic Orion, a 2006-built Capesize bulk carrier vessel, for a price of $17.4 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $2.0 million from the above-mentioned sale, excluding any transaction-related co ...
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nova
Newsfilter· 2024-03-12 13:00
LIMASSOL, Cyprus, March 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on March 11, 2024, it completed the previously announced sale of the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner. The Company expects to record a net gain of approximately $4.4 million from the above-mentioned sale, excluding any transaction-related cost ...
Castor Maritime Inc. Announces Availability of its 2023 Annual Report on Form 20-F
Newsfilter· 2024-03-01 14:00
LIMASSOL, Cyprus, March 01, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor", or the "Company"), a diversified global shipping company, announces that the Company's annual report on Form 20‐F (the "Annual Report"), which contains the Company's audited consolidated financial statements for the fiscal year ended December 31, 2023, was filed with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report is now accessible on the SEC website at http://www.sec.gov and on the ...
Castor Maritime (CTRM) - 2023 Q4 - Annual Report
2024-02-28 16:00
The management of our business, including, but not limited, the commercial and technical management of our fleet as well as administrative, financial and other business functions, is carried out by our head manager Castor Ships, which is a company controlled by our Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis. Castor Ships has entered into arrangements with Pavimar relating to the technical co-management of our dry bulk vessels. Since the first quarter of 2023, Castor S ...
3 High-Reward Penny Stocks to Uncover Big Gains
InvestorPlace· 2024-02-11 16:22
Due to the fact that the stock market is in a constant state of flux, high-reward penny stocks often surface as hidden gems, luring purchasers with the promise of substantial rewards. Investing in such companies carries some risk but is a good way for smart investors to get rich.The second thing that makes these stocks interesting is that they are both cheap as well as highly-charged that move from unknown to popular very fast. When we begin to investigate the realm of high-potential penny stocks, it is ess ...
Castor Maritime Inc. Reports Net Income of $25.0 Million for the Three Months Ended December 31, 2023 and Net Income of $38.6 Million for the Year Ended December 31, 2023
Newsfilter· 2024-02-08 14:00
LIMASSOL, Cyprus, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM) ("Castor" or the "Company"), a diversified global shipping company, today announced its results for the three months and year ended December 31, 2023. Earnings Highlights of the Fourth Quarter Ended December 31, 2023: Total vessel revenues from continuing operations: $26.4 million for the three months ended December 31, 2023, as compared to $31.3 million for the three months ended December 31, 2022, or a 15.7% decrease;Ne ...
Castor Maritime (CTRM) - 2024 Q1 - Quarterly Report
2024-02-07 16:00
Exhibit 99.1 Limassol, Cyprus, February 8, 2024 – Castor Maritime Inc. (NASDAQ: CTRM) ("Castor" or the "Company"), a diversified global shipping company, today announced its results for the three months and year ended December 31, 2023. ◾ Total vessel revenues from continuing operations: $26.4 million for the three months ended December 31, 2023, as compared to $31.3 million for the three months ended December 31, 2022, or a 15.7% decrease; ◾ Net income of $25.0 million for the three months ended December 3 ...
Castor Maritime (CTRM) - 2023 Q4 - Annual Report
2023-11-07 16:00
Exhibit 99.1 F-1 | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|--------------------------|-----------------------| | ASSETS \nCURRENT ASSETS: | Note | December 31, \n2022 | September 30, \n2023 | | Cash and ca ...