Why Is Castellum (CTM) Stock Moving Today?

Group 1 - Castellum announced a strategic alliance with Krilla Kaleiwahea, enhancing its capabilities in securing government contracts [1][2] - The collaboration is expected to generate contracts worth up to $100 million, leveraging Krilla Kaleiwahea's status as a Native Hawaiian government contractor [2] - Castellum's stock experienced significant volatility, initially rising by 40% in pre-market trading before declining by 4.7% after the market opened [3][4] Group 2 - The alliance aims to pursue a wide range of government contracts across the Department of Defense and civilian federal government [3] - Castellum's trading volume on the day of the announcement exceeded 53 million shares, compared to its daily average of approximately 137,000 shares [4]