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Castor Maritime Inc - CTRM STOCK NEWS

Welcome to our dedicated news page for Castor Maritime (Ticker: CTRM), a resource for investors and traders seeking the latest updates and insights on Castor Maritime.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Castor Maritime's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Castor Maritime's position in the market.

Rhea-AI Summary
Castor Maritime Inc. completes the sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for $16.2 million, resulting in an expected net gain of $2.5 million. The buyer is affiliated with a family member of the company's top executives.
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Rhea-AI Summary
Castor Maritime Inc. announces compliance with Nasdaq minimum bid price requirement, receiving written confirmation from Nasdaq Stock Market on April 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.58%
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Rhea-AI Summary
Castor Maritime Inc. (NASDAQ: CTRM) announces a 1-for-10 reverse stock split of its common shares to meet the minimum bid price requirement for Nasdaq listing. Shareholders approved the split, reducing outstanding shares from 96.6 million to 9.66 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.58%
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Rhea-AI Summary
Castor Maritime Inc. completes the sale of M/V Magic Orion for $17.4 million, expecting a net gain of $2.0 million in the first quarter of 2024.
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End-of-Day
-1.56%
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Rhea-AI Summary
Castor Maritime Inc. completes the sale of M/V Magic Nova, a Panamax bulk carrier vessel, for $16.1 million, expecting a net gain of $4.4 million in the first quarter of 2024.
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End-of-Day
0.19%
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Rhea-AI Summary
Castor Maritime Inc. files its annual report on Form 20‐F for the fiscal year ended December 31, 2023, with the SEC. Shareholders can access the report on the SEC and company websites. Hard copies are available upon request.
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Rhea-AI Sentiment
End-of-Day
2.24%
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Rhea-AI Summary
Castor Maritime Inc. (CTRM) announces the sale of M/V Magic Nebula for $16.2 million, expecting a net gain of $2.5 million in the second quarter of 2024. The transaction was approved by a special committee of independent directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
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Rhea-AI Summary
Castor Maritime Inc. announced a 15.7% decrease in total vessel revenues for the three months ended December 31, 2023, compared to the same period in 2022. Net income saw a 220.5% increase for the same period. The year ended December 31, 2023, showed a 35.1% decrease in total vessel revenues and a 67.9% decrease in net income from continuing operations compared to the year ended December 31, 2022. The company reported a strong balance sheet and is committed to seeking further opportunities in the shipping space.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
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Rhea-AI Summary
Castor Maritime Inc. announces the sale of two Panamax bulk carrier vessels, M/V Magic Nova and M/V Magic Horizon, for a total of $31.9 million. The company expects to record a net gain of approximately $9 million from the sales during the first quarter of 2024. The transactions were negotiated and approved by a special committee of disinterested and independent directors.
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Rhea-AI Sentiment
End-of-Day
3.62%
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Rhea-AI Summary
Castor Maritime Inc. completed the sale of the M/V Magic Moon, a 2005-built Panamax bulk carrier vessel, for $11.8 million, with an expected net gain of approximately $3.0 million. The sale was finalized on January 16, 2024, and the company delivered the vessel to its new owner. The transaction is anticipated to contribute to the company's financial performance in the first quarter of 2024.
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Rhea-AI Sentiment
End-of-Day
-1.59%
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Castor Maritime Inc

Nasdaq:CTRM

CTRM Rankings

CTRM Stock Data

35.85M
9.65M
1.08%
0.55%
Deep Sea Freight Transportation
Transportation and Warehousing
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