What’s Propelling Castor Maritime Inc. (CTRM) to Decline So Much?

The stock of Castor Maritime Inc. (NASDAQ:CTRM) is a huge mover today! The stock decreased 2.14% or $0.06 during the last trading session, reaching $2.74. About 275,021 shares traded or 33.97% up from the average. Castor Maritime Inc. (NASDAQ:CTRM) has 0.00% since September 11, 2018 and is . It has by 0.00% the S&P500.
The move comes after 5 months negative chart setup for the $7.54 million company. It was reported on Sep, 11 by Barchart.com. We have $2.63 PT which if reached, will make NASDAQ:CTRM worth $301,440 less.

More notable recent Castor Maritime Inc. (NASDAQ:CTRM) news were published by: Seekingalpha.com which released: “Healthcare names dominate midday movers – Seeking Alpha” on April 02, 2019, also Benzinga.com with their article: “6 Industrials Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on September 06, 2019, Seekingalpha.com published: “Castor Maritime: Latest Nano-Cap Shipper Chased By The Momentum Crowd – Seeking Alpha” on March 27, 2019. More interesting news about Castor Maritime Inc. (NASDAQ:CTRM) were released by: Benzinga.com and their article: “John Fredriksen-Backed Flex LNG Makes Spotify-Style NYSE Debut – Benzinga” published on June 18, 2019 as well as Benzinga.com‘s news article titled: “30 Stocks Moving In Monday’s Pre-Market Session – Benzinga” with publication date: April 15, 2019.

Castor Maritime Inc., through its subsidiary, Spetses Shipping Co., acquires, owns, charters, and operates dry bulk vessels worldwide. The company has market cap of $7.54 million. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. It currently has negative earnings. The firm operates a Panamax vessel with a carrying capacity of 76,453 dwt.

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