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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. (NASDAQ: CTRM), a global shipping company, reported a decrease in total vessel revenues from continuing operations by 39.3% to $25.3 million for the three months ended June 30, 2023. Net income also decreased by 70.5% to $8.2 million. The company completed the spin-off of its Aframax/LR2 and Handysize tanker segments to Toro Corp. Cash and restricted cash decreased to $38.3 million as of June 30, 2023, compared to $109.9 million as of December 31, 2022.
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10%
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1.53%
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2.9%
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1.88%
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-2.63%
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-7.11%
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-7.03%
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-29.63%
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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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