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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.

News
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Moon
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
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News
Castor Maritime Inc. Announces the Sale of the M/V Magic Venus for $17.5 Million with an Expected Net Gain of $3.5 Million
Rhea-AI Summary
Castor Maritime Inc. (NASDAQ: CTRM) announces the sale of the M/V Magic Venus, a 2010-built Kamsarmax bulk carrier vessel, for $17.5 million. The company expects to record a net gain of approximately $3.5 million from the sale during the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
Tags
none
-
News
Castor Maritime Inc. Announces the Sale of the M/V Magic Orion for $17.4 Million with an Expected Net Gain of $2.0 Million and the Completion of the Sale of the M/V Magic Argo
Rhea-AI Summary
Castor Maritime Inc. (NASDAQ: CTRM) announces the sale of two vessels, M/V Magic Orion and M/V Magic Argo, for $17.4 million and $15.75 million, respectively. The Company expects a net gain of approximately $2.0 million and $3.0 million from the sales, excluding any transaction-related costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none
News
Castor Maritime Inc. Announces the Sale of the M/V Magic Moon for $11.8 Million and the Completion of the Sale of the M/V Magic Phoenix
Rhea-AI Summary
Castor Maritime Inc. (CTRM) announces the sale of two Panamax bulk carrier vessels, M/V Magic Moon and M/V Magic Phoenix, for a total of $25.8 million. The Company expects a net gain of $3.0 million from the sale of M/V Magic Moon and a net loss of $2.6 million from the sale of M/V Magic Phoenix, both recorded in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
-
News
Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Sun
Rhea-AI Summary
Castor Maritime Inc. (NASDAQ: CTRM) announces the completion of the sale of the M/V Magic Sun, a 2001-built Panamax bulk carrier vessel, for $6.55 million, expecting a net gain of approximately $1.0 million in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
none
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News
Castor Maritime Inc. Reports Net Loss of $5.4 Million for the Three Months Ended September 30, 2023 and Net income of $13.6 Million for the Nine Months Ended September 30, 2023
Rhea-AI Summary
Castor Maritime Inc. (NASDAQ: CTRM) announced Q3 2023 results, reporting a 45.7% decrease in total vessel revenues and a net loss of $5.4 million. EBITDA decreased by 89.8% to $2.5 million. The company's cash and restricted cash stood at $95.0 million as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
News
Castor Maritime Inc. Announces the Sale of the M/V Magic Sun and M/V Magic Phoenix for an Aggregate $20.55 Million
Rhea-AI Summary
Castor Maritime Inc. announces the sale of two bulk carrier vessels, M/V Magic Sun and M/V Magic Phoenix, for a total of $20.55 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
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News
Castor Maritime Inc. Receives 180-day Extension from Nasdaq to Meet Nasdaq’s Minimum Bid Price Requirement
Rhea-AI Summary
Castor Maritime Inc. receives an extension from Nasdaq to regain compliance with the minimum bid price requirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
none
-
News
Castor Maritime Inc. Announces the Sale of the M/V Magic Argo for $15.75 Million with an Expected Net Gain of $3.0 Million and the Termination of the Sale of the M/V Magic Moon
Rhea-AI Summary
Castor Maritime Inc. announces sale of M/V Magic Argo for $15.75 million, expecting a net gain of $3.0 million. Sale of M/V Magic Moon terminated, resulting in a loss of $5.3 million. Seeking compensation for the failed sale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
News
Castor Maritime Inc. Announces Results of its 2023 Annual General Meeting of Shareholders
Rhea-AI Summary
Castor Maritime Inc. held its 2023 Annual General Meeting of Shareholders, approving the re-election of Mr. Petros Panagiotidis as Class C Director until 2026 and appointing Deloitte Certified Public Accountants as independent auditors for fiscal year 2023. Amendments to the Articles of Incorporation were also approved to effect one or more reverse stock splits at a ratio of not less than one-for-two and not more than one-for-100.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
Stock CTRM logo
Castor Maritime Inc

Nasdaq:CTRM

CTRM Rankings

#4965 Ranked by Market Cap
#5115 Ranked by Stock Gains
N/A Ranked by Dividends

CTRM Stock Data

35.85M
9.65M
1.08%
0.55%
Deep Sea Freight Transportation
Transportation and Warehousing
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Cyprus
Hawaii Royal Gardens