CTRM - Castor Maritime Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
1.1300
+0.1000 (+9.71%)
At close: 4:00PM EST
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Previous close1.0300
Open1.0507
Bid1.1300 x 1800
Ask1.1700 x 1800
Day's range1.0200 - 1.1700
52-week range1.0200 - 18.9990
Volume329,215
Avg. volume103,865
Market cap3.749M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-0.2160
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • GlobeNewswire

    Castor Announces Financing Agreements

    The secured term loan facility and the convertible debentures are subject to normal closing conditions. On January 23, 2020, the Company entered into a $4.5 million secured term loan facility with a financial institution, through one of its ship-owning subsidiaries (“the M/V Magic Sun Financing”).

  • GlobeNewswire

    Castor Maritime Inc. Reports Financial Results for the Three and Nine Months Ended September 30, 2019

    LIMASSOL, Cyprus, Dec. 16, 2019 -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk.

  • GlobeNewswire

    Castor Announces $11.0 Million Senior Secured Debt Financing

    The Company intends to use the net proceeds from the Alpha Bank Financing to retire its $7.5 million existing shareholder bridge loan and to fund its ongoing plans for growth. The Alpha Bank Financing will have a tenor of five years from the drawdown date and will bear interest at 3.50% plus LIBOR per annum.

  • GlobeNewswire

    Castor Maritime Inc. Announces Results of its 2019 Annual General Meeting of Shareholders

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the Company’s Annual General Meeting of Shareholders was duly held on October 21, 2019 at 6:00 p.m. local time at the Company's executive offices in Limassol, Cyprus. The appointment of Deloitte Certified Public Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2019.

  • GlobeNewswire

    Castor Maritime Inc. Announces Delivery of the M/V Magic Moon

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that, in connection with a previously announced Memorandum of Agreement dated October 14, 2019, it has taken delivery, through one of its wholly-owned subsidiaries, of the M/V Magic Moon (the “Magic Moon Acquisition”). The Magic Moon Acquisition was financed using a combination of cash on hand and the proceeds from a $7.5 million interest free unsecured bridge loan, which was provided to the Company by an entity controlled by Petros Panagiotidis, Castor’s Chairman, Chief Executive Officer and Chief Financial Officer (the “$7.5 Million Bridge Financing”).

  • GlobeNewswire

    Castor Maritime Inc. Announces Vessel Acquisition

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on October 14, 2019, through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier for a purchase price of $10.2 million from a third party  in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest. The acquisition is expected to be consummated by taking delivery of the vessel by the end of October 2019 and is subject to the satisfaction of certain customary closing conditions.

  • GlobeNewswire

    Castor Maritime Inc. Announces Amendment to Its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares and Waiver of All Accrued Dividends

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced an agreement with all of the holders of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) to waive all accumulated dividends and to adopt and to Amend and Restate the Statement of Designations of its Series A Preferred Shares (the “Agreement”). Pursuant to the Agreement, the Company will issue 300,000 common shares to the holders of the Series A Preferred Shares in exchange for the waiver of approximately $4.3 million worth of dividends accumulated on the Series A Preferred Shares, for the period since their original issuance to June 30, 2019.

  • GlobeNewswire

    Castor Maritime Inc. Announces the Date of Its 2019 Annual General Meeting of Shareholders

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that its Board of Directors (the "Board") has scheduled the Company’s 2019 Annual General Meeting of Shareholders (the "Meeting") to be held on October 21, 2019 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of September 23, 2019 (the "Record Date") for the determination of the Shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

  • GlobeNewswire

    Castor Maritime Inc. Announces Change in Fiscal Year End

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, announced today that its Board of Directors has approved a change in the Company’s fiscal year end from September 30 to December 31. This change is being made to better align Castor’s reporting calendar with other NASDAQ listed companies and its industry peers. Castor’s next fiscal year will end on December 31, 2019, resulting in a three-month transition period from October 1, 2018 to December 31, 2018.

  • GlobeNewswire

    Castor Maritime Inc. Announces New Vessel Acquisition

    Castor Maritime Inc. (CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry-bulk vessels, today announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase a 2001 Korean built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $6.7 million. Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented: "We are pleased to announce the acquisition of our second dry bulk carrier, which, in a very short period, doubles the size of our fleet.

  • GlobeNewswire

    Castor Maritime Inc. Reports Financial Results for the Six Months Ended March 31, 2019

    Financial Highlights of the Six Months Ended March 31, 2019: Voyage revenues: $2.04 million for the six months ended March 31, 2019, as compared to $1.70 million for the six.

  • GlobeNewswire

    Castor Maritime Inc. Announces Time Charter Contract for MV Magic P with Oldendorff Carriers

    Castor Maritime Inc. (CTRM), (the “Company”), an international shipping company specializing in the ownership of dry-bulk vessels, today announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P. The gross charter rate is US$ 11,250 per day, for a period of a minimum of five (5) months up to a maximum of about eight (8) months (for the first 30 days period the daily gross rate is US$ 9,000). The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period.