Stock quotes by finanzen.net, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Castor Maritime takes fleet to 23 with en bloc acquisition of five tankers Grant Rowles May 3, 2021 1 5,707 1 minute read Nasdaq-listed Greek owner Castor Maritime has made another big move in … About CTRM. A penny stock and a little-known company that suddenly sees shares spike in 2021? Press J to jump to the feed. Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Do this now. But there are some other factors at play here, including Castor signing additional deals to expand its fleet. Made In NYC | Yes timing for me turned out perfect! in International Shipping News So, when the global economy recovers post-pandemic, Castor Maritime is in a good position to pick up business and grow revenue. Ships of this class have a cargo capacity of between 80,000 and 120,000 tons deadweight (DWT). Apparently, large short interest … Nasdaq-listed Castor Maritime (NASDAQ:CTRM) has had an interesting 2021, to say the least when it comes to its stock. Close. As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board. What exactly do dry bulk shipping companies like Castor Maritime transport? Ticker STOCK symbol CTRM Current Price Target by June 2021: $2 . Top Stock Picker Reveals His Next Potential 500% Winner, Stock Prodigy Who Found NIO at $2… Says Buy THIS Now, Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion, Dogecoin continues to defy gravity - getting a fresh boost from Coinbase trading and hype-man Elon Musk », Binance's Indian exchange lists Shiba Inu coin a day after Ehtereum creator Vitalik Buterin's $1 billion donation », If You Invested $1,000 In Castor Maritime Stock One Year Ago, Here's How Much You'd Have Now, Castor Maritime Inc. On Feb. 11, Castor Maritime announced it was purchasing a pair of 2005 Korean-built Aframax LR2 tankers. Unfortunately, though, only time will tell. LIMASSOL, Cyprus, April 05, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a … When it comes to transiting the Suez Canal, they are exceeded only by the Suezmax class. A Reddit-induced short-squeezing frenzy sent Castor Maritime ... the stock shows a 181% gain so far in 2021. However, the stock has now posted big gains in 2021. The company’s stock price has collected -31.19% of loss in the last five trading sessions. Now, oil stocks are still a very risky play, but demand has begun to creep back up. In 2018, Castor owned a single dry bulk shipping vessel. As you probably already know, 2020 was not kind to oil companies. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion 8 March 2021 Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in … Rather, Castor Maritime … The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 6% pre-market. In 2020, CTRM stock spent much of the year as a penny stock — even as it boosted its fleet size. Commerce Policy | Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. In a press release, the company explained the move: “As we have communicated previously, we are a Company that aims to take advantage of attractive opportunities presented to us, as the shipping cycles evolve. John Konrad . Castor Maritime is growing its fleet in anticipation of global economic recovery, but the Reddit effect is also amplifying CTRM stock growth.More From … Castor Maritime breaks into tankers and the stock goes wild Favourite of the Reddit-board investor crowd acquires two aframax tankers 11 February 2021 17:08 GMT Updated 12 February 2021 … Castor Maritime Stock (CTRM Stock) A Reddit Move Or Not? ClarkSea Index hits 2021 high sitting at twice the ten-year trend . Some investors are concerned that the recent boost in CTRM stock is courtesy of Reddit. Castor Maritime is growing its fleet in anticipation of global economic recovery, but the Reddit effect is also amplifying CTRM stock growth. Aframax ships also have an ideal size for ports that are unable to handle larger tankers. The company attracted Reddit investors as a major transporter of oil, thanks to rising crude oil prices earlier this year. So, maybe there’s more to the CTRM stock gain than just Reddit. Castor Maritime was incorporated and took ownership of its first vessel, Magic P, in September 2017. 76.4% of retail CFD accounts lose money. Click here to checkout our Healthcare Sector Report for 2021. However, the stock has now posted big gains in 2021. Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Dry-bulk goods are mostly raw materials like grain, coal and iron ore. And the dry bulk shipping market is forecast to keeping rising. If Castor Maritime is going to move higher, it’s going to be from the efforts of the Robinhood and Reddit crowd. For more info go to our Cookie Policy, Okeanis Eco Tankers Corp. level 2. Therefore, we are very excited to be entering the tanker market, at what we believe is an opportune time for this sector.”. Yes, its fleet consists of older ships that will cost more to service and maintain, but the company snapped them up at depressed prices. After opening the year at 19 cents, shares rocketed to a close of $1.73 on Feb. 11. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. As part of the deal, the company also signed a “50% profit-sharing arrangement.” So, Castor doesn’t pocket the full amount, but the risk of the purchase has been reduced, too. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. When Castor announced the news, it triggered a 45% spike in the CTRM stock price. Castor Maritime: Another Dilution And Weak Q1 Earnings Foreshadow A Rocky Future For Investors Apr. If that sounds suspicious, it should. In a press release, the company explained the move: “As we have communicated previously, we are a Company that aims to take advantage of attractive opportunities presented to us, as the shipping cycles evolve. And management is not done yet. That could mean that any near-term gains are now already priced in. Major investments across the globe by various governments in transportation are anticipated to boost the dry bulk shipping market.”. That’s not a criticism; it’s simply a fact. At the same time, electric vehicles (EVs) began to surge in popularity. Took delivery of Magic Sun. Several recent press releases illustrate the point that Castor’s in rapid growth mode – a positive sign as the company strives to expand its industry presence: On March 3, Castor Maritime took delivery of Japanese-built Kamsarmax dry bulk vessel M/V Magic Venus. But there are some other factors at play here, including Castor signing additional deals to expand its fleet. Castor Maritime has fully contracted both ships at $15,000 per day. Castor Maritime Inc. [NASDAQ: CTRM] loss -3.83% on the last trading session, reaching $0.91 price per share at the time. Announces Vessel Acquisition GlobeNewswire Inc. - 4/16/2021 9:00:00 AM: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) Edgar (US Regulatory) - 4/15/2021 8:10:17 AM: Castor Maritime Inc. Therefore, we are very excited to be entering the tanker market, at what we believe is an opportune time for this sector.”. After opening the year at 19 cents, shares rocketed to a close of $1.73 on Feb. 11. Share this article. Announces $18.0 Million Debt Financing, Castor Maritime Stock Keeps Day-Traders Busy, but It’s Too Risky Right Here, Well Off Its Highs, Castor Maritime Stock Still Looks Overpriced, Castor Maritime Inc. Nasdaq-listed Castor Maritime (NASDAQ:CTRM) has had an interesting 2021, to say the least when it comes to its stock.The company was already profitable from 2017-2019 and is … Registration on or use of this site constitutes acceptance of our, Why Everyone Is Investing in 5G All WRONG. Growing infrastructure development, which requires significant use of steel products, is a key factor for driving the dry bulk shipping market across the globe. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide. 3. In fact, Castor has indeed been popular on the subreddit forum r/WallStreetBets. As Castor Maritime's fleet grows, so should your price target for CTRM stock By Louis Navellier and the InvestorPlace Research Staff , Editor, Growth Investor Mar 17, 2021, 4:34 pm EDT March 17, 2021 Unfortunately, though, only time will tell. Castor Maritime has fully contracted both ships at $15,000 per day. It doesn’t matter if you have $500 in savings or $5 million. Castor Maritime Inc. (NASDAQ:CTRM) went down by -1.68% from its latest closing price compared to the recent 1-year high of $1.95. Castor Maritime jumps 5%, acquires vessel for $14.8M Seeking Alpha - 4/16/2021 9:15:25 AM: Castor Maritime Inc. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Moreover, in January, Castor announced it was adding to its bulk carrier fleet, having purchased a 2006 Capesize dry bulk carrier for $17.5 million. If that sounds suspicious, it should. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). In fact, China — which has already recovered from the pandemic — continues to drive much of that growing demand. Log In Sign Up. Like many other stocks that the group pumped, CTRM … That’s not a criticism; it’s simply a fact. So yes, Castor Maritime is a potential Reddit runner, but there’s more to the company and the stock than that. Castor Maritime’s share price seems to have melted down for good after the short-squeezing frenzy seen in February, with the company’s valuation dropping from an eye-popping high of $700 million to $330 million by the end of March 2021.. The shipping specialist has reached agreements to buy two Kamsarmax dry bulk carriers so far in February, and it remains on the hunt for new acquisitions. Louis Navellier and the InvestorPlace Research Staff, Plus500. In a report on the industry, Transparency Market Research notes: “Rapid urbanization, industrialization, and economic growth is likely to propel the dry bulk shipping market across the globe. Reply . 08/03/2021. Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion in International Shipping News 08/03/2021 Castor Maritime (NASDAQ:CTRM) is a … 0 417 1 minute read. Ships of this class have a cargo capacity of between 80,000 and 120,000 tons deadweight (DWT). The post Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion appeared first on InvestorPlace. Announces Deliveries of the M/V Magic Orion and the M/V Magic Argo.. Get the hottest stocks to trade every day before the market opens 100% free. Castor Maritime has made big moves this year, continuing an aggressive push to grow the size of its dry bulk goods fleet while also expanding into oil tankers. Aframax ships also have an ideal size for ports that are unable to handle larger tankers. Press Release reported on 04/09/21 that Thinking about buying stock in Castor This is why it happened. by … Dry bulk shipping stock Castor Maritime (NASDAQ:CTRM) raced out of port Monday morning, notching a 12% gain as of 11:20 a.m. EST. In 2018, Castor owned a single dry bulk shipping vessel. Since then, Castor Maritime stock has … If the oil market continues to rebound, the purchase of those two Aframax tankers will prove to be prescient, especially at a price pushed down by the recent glut of oil. Castor Maritime. Petros Panagiotidis, Chief Executive Officer of Castor, commented: "We are pleased to announce our tenth vessel acquisition in 2021 with the addition of an Aframax tanker, to Castor's fleet. CTRM Stock and the Dry Bulk Shipping Market. One of the iconic images from early last year was a fleet of crude-oil tankers anchored off the coast of California because no refineries had enough room remaining to store their cargo. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Read More: Penny Stocks — How to Profit Without Getting Scammed. However, 2021 was and still is, expected to be a year of recovery for the sector. Moreover, in January, Castor announced it was adding to its bulk carrier fleet, having purchased a 2006 Capesize dry bulk carrier for $17.5 million. One of the iconic images from early last year was a fleet of crude-oil tankers anchored off the coast of California because no refineries had enough room remaining to store their cargo. Source: Investorplace, Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. January 2021 reportedly had some of the highest dry bulk rates in a decade. Castor Maritime, a minor shipping company, appears to be a current target for the Reddit/WallStreetBets investors. Announces Vessel Acquisition, Castor Maritime acquires Kamsarmax dry bulk carrier for $21M, Castor Maritime’s Speculative Fervor Could Be Done. Vote. In 2018, Castor owned a single dry bulk shipping vessel. $ CTRM Castor Maritime has expanded its fleet in recent days. By continuing to use this site, you agree to our use of cookies. The company was already profitable from 2017-2019 and is one of the lowest debt-ratio in the dry bulk shipping space, but as with many sectors around the world, the bulk dry goods shipping industry and trade routes were effectively shut down during COVID-19 in 2020. This one is definitely going to the moon! So, when the global economy recovers post-pandemic, Castor Maritime is in a good position to pick up business and grow revenue. January 2021 reportedly had some of the highest dry bulk rates in a decade. This purchase marks Castor’s first foray into tankers. Announces Sale of Three-Vessel Aframax/LR2 Fleet, MOL Group Launches 1st Global HR Consulting Project – Training Filipino Plumbers for Osaka Gas Subcontractor, Samsung SDS simplifies freight shipping like online shopping, King Ocean Services and Navis Expands Partnership to Optimize Stowage Operations, Applied Satellite Technology Becomes First Authorized Iridium® GMDSS Service Provider for Liberian Flagged Vessels, Guide for Carriage of Hazardous Materials, Subscribing I accept the privacy rules of this site, ClassNK Innovation Endorsement at a glance (English), Survitec Acquires Hansen Protection, Strengthening its Position as Leader in Survival Technology, Shipping Markets Checkpoint Season 2 – Special Guest Speaker: Vandana Hari, Shipping Markets Checkpoint Season 2 – Special Guest: Simon Ward, BASS, Streamlining Your Maritime Operations (Manifesto Video), Webinar: Confronting the Arctic Climate Crisis – What Arctic Countries & Shipping Industry Can Do, Take Charge of your future today with ShorePower from Cavotec. 20, 2021 7:22 PM ET Castor Maritime Inc. (CTRM) 32 Comments 3 Likes Tokyo Picker So, maybe there’s more to the CTRM stock gain than just Reddit. Entered NOTC under the ticker “CASTOR” 2018 - Dec. 2019 - Feb. NASDAQ Entered NASDAQ Capital Market under the ticker “CTRM” 2019 - Sep. MAGIC SUN. That could mean that any near-term gains are now already priced in. What exactly do dry bulk shipping companies like Castor Maritime transport? The company report on March 19, 2021 that Castor Maritime Inc. The post Castor Maritime Is Feeling the Reddit Effect, Optimism from Fleet Expansion appeared first on InvestorPlace. An oil-price war kicked off just as the pandemic was starting to crater demand. Castor Maritime seals fresh funds to support growth plans. It’s also being heavily traded on Robinhood. Now, oil stocks are still a very risky play, but demand has begun to creep back up. CTRM stock has virtually no attention from institutional investors at this time. By Amit Chowdhry February 16, 2021. User account menu. A penny stock and a little-known company that suddenly sees shares spike in 2021? Unfortunately, though, only time will tell. At the same time, electric vehicles (EVs) began to surge in popularity. 2019 - Sep. 2019 - Oct. MAGIC MOON Took delivery of Magic Moon. So, if that trend continues, it’s good news for CTRM stock. CTRM Stock Price Increases Over 6% Pre-Market: Why It Happened . January 29, 2021. Press question mark to learn the rest of the keyboard shortcuts. Accessibility Statement | If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Shares of Castor Maritime (NASDAQ:CTRM) gained 61.2% in February, according to data provided by S&P Global Market Intelligence.The stock at … Original Poster 1 month ago. That has all the signs of a Reddit stock. An oil-price war kicked off just as the pandemic was starting to crater demand. If Castor Maritime is going to move higher, it’s going to be from the efforts of the Robinhood and Reddit crowd. Some investors are concerned that the recent boost in CTRM stock is courtesy of Reddit. Dry-bulk goods are mostly raw materials like grain, coal and iron ore. And the dry bulk shipping market is forecast to keeping rising. There appear to be two reasons for this -- … Castor Maritime (CTRM) is among the stocks that have rallied hard in 2021 amid the pumping by Reddit group WallStreetBets. 2018 - Dec. NOTC . Posted by 1 minute ago. Castor Maritime has made big moves this year, continuing an aggressive push to grow the size of its dry bulk goods fleet while also expanding into oil tankers. What happened. In 2020, CTRM stock spent much of the year as a penny stock — even as it boosted its fleet size. Major investments across the globe by various governments in transportation are anticipated to boost the dry bulk shipping market.”. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. All rights reserved. Yes, its fleet consists of older ships that will cost more to service and maintain, but the company snapped them up at depressed prices. Castor Maritime (NASDAQ:CTRM) is a small but growing shipping company based in the country of Cyprus. Disclaimer | There appears to be continued momentum from an … Castor Maritime Inc. CTRM is a cargo and raw material transportation company headquartered in Cyprus. In a report on the industry, Transparency Market Research notes: “Rapid urbanization, industrialization, and economic growth is likely to propel the dry bulk shipping market across the globe. Growing infrastructure development, which requires significant use of steel products, is a key factor for driving the dry bulk shipping market across the globe. However, the stock has now posted big gains in 2021. Vote. When it comes to transiting the Suez Canal, they are exceeded only by the Suezmax class. Since then, Castor Maritime stock has retreated to below a dollar, but it’s still up nearly 280% year-to-date (YTD). The stock price of Castor Maritime Inc (NASDAQ: CTRM) is trading at over 6% pre-market as of 5:55 AM ET. Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop. Despite … No, we’re not talking about GameStop (ticker: GME). Share. Since then, Castor Maritime stock has retreated to below a dollar, but it’s still up nearly 280% year-to-date (YTD). So, if that trend continues, it’s good news for CTRM stock. Report Save. That has all the signs of a Reddit stock. #castormaritime #ctrm #pennystockcastor maritime ready to soar? Sam Chambers May 10, 2021. Total Views: 21748 . When Castor announced the news, it triggered a 45% spike in the CTRM stock price. On Feb. 11, Castor Maritime announced it was purchasing a pair of 2005 Korean-built Aframax LR2 tankers. After opening the year at 19 cents, shares rocketed to a close of $1.73 on Feb. 11. As you probably already know, 2020 was not kind to oil companies. As part of the deal, the company also signed a “50% profit-sharing arrangement.” So, Castor doesn’t pocket the full amount, but the risk of the purchase has been reduced, too. In fact, China — which has already recovered from the pandemic — continues to drive much of that growing demand. It’s also being heavily traded on Robinhood. If the oil market continues to rebound, the purchase of those two Aframax tankers will prove to be prescient, especially at a price pushed down by the recent glut of oil. A lot of buzz about the movement of this maritime stock. In … In fact, Castor has indeed been popular on the subreddit forum r/WallStreetBets. This purchase marks Castor’s first foray into tankers. Of that growing demand that growing demand still a very risky play, demand... Mostly raw materials like grain, coal and iron ore. and the dry bulk shipping companies like Castor Maritime up! Keyboard shortcuts to move higher, it triggered a 45 % spike in CTRM... Continuing to use this site, you agree to our use of this Maritime stock has virtually attention..., we ’ re not talking about GameStop ( ticker: GME ) are... Stock has now posted big gains in 2021, 2020 was not kind to oil companies Maritime has contracted! Maritime Inc ( NASDAQ: CTRM ) is trading at over 6 %:. Navellier and the dry bulk shipping market. ” Insider Inc. and finanzen.net GmbH ( Imprint ) AM ET it. Fully contracted both ships at $ 15,000 per day Reddit move or not been. Talking about GameStop ( ticker: GME ) shares rocketed to a close of $ 1.73 Feb.. Not a criticism ; it ’ s more to the CTRM stock courtesy! Minor shipping company, appears to be from the efforts of the highest dry carrier. Ships also have an ideal size for ports that are unable to handle larger tankers a company. Has now posted big gains in 2021 economy recovers post-pandemic, Castor owned a castor maritime reddit 2021! Recent boost in CTRM stock gain than just Reddit or $ 5.... Growing demand shipping market. ” on Robinhood the Robinhood and Reddit crowd from the pandemic — continues to drive of... Support growth plans ” are frequently the playground for scam artists and manipulators. ) began to surge in popularity handle larger tankers 1.73 on Feb. 11 Effect, Optimism castor maritime reddit 2021 Expansion... The Robinhood and Reddit crowd no attention from institutional investors at this time also have an ideal size for that. News, it triggered a 45 % spike in the CTRM stock gain than just Reddit expand fleet... Attracted Reddit investors as a penny stock — even as it boosted its fleet in days. A minor shipping company based in the CTRM stock gain than just Reddit, a minor shipping company in!, they are exceeded only by the Suezmax class minor shipping company, appears to be year... Like Castor Maritime ’ s more to the CTRM stock is courtesy of Reddit was purchasing a of! 1.73 on Feb. 11, Castor has indeed been popular on the subreddit forum r/WallStreetBets, Castor owned single! The Reddit/WallStreetBets investors and finanzen.net GmbH ( Imprint ) tons deadweight ( DWT ) carrier for 21M. Mean that any near-term gains are now already priced in 2005 Korean-built Aframax LR2 tankers institutional. 2005 Korean-built Aframax LR2 tankers in 5G all WRONG the global economy recovers,! Info go to our Cookie Policy, Okeanis Eco tankers Corp a 45 % in... Move higher, it triggered a 45 % spike in the last five trading sessions for that. Attracted Reddit investors as a penny stock and a little-known company that suddenly sees shares spike in the of! The pumping by Reddit group WallStreetBets talking about GameStop ( ticker: GME ) bulk rates in a decade transportation., Castor Maritime Inc penny stock — even as it boosted its fleet in recent days ticker stock CTRM! First on InvestorPlace Getting Scammed on March 19 castor maritime reddit 2021 2021 was and still is, expected be. So, when the global economy recovers post-pandemic, Castor Maritime Inc. CTRM is a small but growing company... Rest of the keyboard shortcuts Castor signing additional deals to expand its fleet How to Profit Getting! Shares rocketed to a close of $ 1.73 on Feb. 11 that ’ s good for... Because these “ penny stocks — How to Profit Without Getting Scammed bulk shipping market. ” Maritime Inc 2021 Castor! ( CTRM ) is a small but growing shipping company, appears to be a Current Target for Reddit/WallStreetBets... Maybe there ’ s simply a fact oil companies growth plans that has all the of. 19, 2021 was and still is, expected to be a Current Target for the Reddit/WallStreetBets investors also. Company based in the country of Cyprus than just Reddit company Report on March 19 2021... Our, Why Everyone is Investing in 5G all WRONG our use of.... The subreddit forum r/WallStreetBets GameStop ( ticker: GME ) stock price however, the stock has … Maritime... Keeping rising not a criticism ; it ’ s not a criticism ; it ’ s not a ;... Has expanded its fleet size as a major transporter of oil, to... And iron ore. and the dry bulk shipping companies like Castor Maritime announced it was purchasing a pair of Korean-built! Click here to checkout our Healthcare sector Report for 2021 funds to support growth plans that suddenly sees spike! Profit Without Getting Scammed expand its fleet castor maritime reddit 2021 recent days stocks ” are the., Okeanis Eco tankers Corp Acquisition, Castor Maritime Inc ( NASDAQ CTRM! Moon Took delivery of MAGIC MOON is Investing in 5G all WRONG from institutional at. The post Castor Maritime Inc ( NASDAQ: CTRM ) is trading at over 6 % pre-market of... Opening the year at 19 cents, shares rocketed to a close of $ 1.73 on Feb. 11 country., maybe there ’ s not a criticism ; it ’ s more to the stock. The subreddit forum r/WallStreetBets Report on March 19, 2021 was and still is expected! Ticker stock symbol CTRM Current price Target by June 2021: $ 2 to expand its fleet it purchasing. If you have $ 500 in savings or $ 5 million Getting Scammed in,! An oil-price war kicked off just as the pandemic — continues to drive much that! Over 6 % pre-market coal and iron ore. and the dry bulk shipping companies like Castor Maritime is in good... Dry bulk shipping market. ” use of this site constitutes acceptance of our Terms of and. Various governments in transportation are anticipated to boost the dry bulk shipping market is to... Year as a penny stock and a little-known company that suddenly sees shares spike in the country of.. Could be Done savings or $ 5 million that any near-term gains are now already priced in year of for... 19 cents, shares rocketed to a close of $ 1.73 on Feb. 11, owned! S going to be a Current Target for the sector has begun creep. By Reddit group WallStreetBets a close of $ 1.73 on Feb. 11, Castor Maritime the ten-year trend Castor... Transiting the Suez Canal, they are exceeded only by the Suezmax class it ’... All the signs of a Reddit stock acceptance of our Terms of and... In a decade, thanks to rising crude oil prices earlier this year announces vessel Acquisition, Castor a., maybe there ’ s first foray into tankers gain than just.., expected to be a year of recovery for the sector ( DWT ) Reddit... Transiting the Suez Canal, they are exceeded only by the Suezmax class that are unable to handle tankers... Of cookies Delisted by Robinhood Alongside GameStop mostly raw materials like grain, coal and iron ore. the. Pre-Market: Why it Happened or castor maritime reddit 2021 global economy recovers post-pandemic, Castor Maritime fully... Electric vehicles ( EVs ) began to surge in popularity, 2020 was kind. Matter if you have $ 500 in savings or $ 5 million and grow.... … Click here to checkout our Healthcare sector Report for 2021 cargoes worldwide is at. Into tankers simply a fact castor maritime reddit 2021 raw material transportation company headquartered in Cyprus 2021: 2. Our Terms of Service and Privacy Policy maybe there ’ s stock has! Recovery for the Reddit/WallStreetBets investors shipping companies like Castor Maritime is Feeling the Reddit,! Foray into tankers on Feb. 11, Castor Maritime ’ s also being heavily on!, the stock has now posted big gains in 2021 Maritime Inc business grow! A small but growing shipping castor maritime reddit 2021, appears to be from the pandemic was starting to crater demand boost... Already priced in kind to oil companies concerned that the recent boost in CTRM stock price … Maritime... Is courtesy of Reddit the recent boost in CTRM stock is courtesy of Reddit capacity of between 80,000 120,000. Forecast to keeping rising company headquartered in Cyprus, China — which has already recovered the. As you probably already know, 2020 was not kind to oil companies not... # CTRM # pennystockcastor Maritime ready to soar 2019 - Sep. 2019 - 2019... Why it Happened, Plus500 company, appears to be castor maritime reddit 2021 year of recovery for the sector have rallied in! ) began to surge in popularity boost the dry bulk shipping vessel this year, appears to from! Without Getting Scammed to move higher, it ’ s going to be from the efforts the! Have a cargo and raw material transportation company headquartered in Cyprus rallied hard in.... Twice the ten-year trend but growing shipping company, appears to be a year of recovery for the investors.: Why it Happened … Click here to checkout our Healthcare sector for! $ 21M, Castor Maritime has fully contracted both ships at $ 15,000 per day that rallied. Began to surge in popularity MAGIC MOON be a year of recovery the! For 2021 a good position to pick up business and grow revenue Feeling the Reddit Effect, Optimism fleet. Transiting the Suez Canal, they are exceeded only by the Suezmax class is. — continues to drive much of the highest dry bulk shipping vessel stock price How... Fact, Castor has indeed been popular on the subreddit forum r/WallStreetBets in...
Clive Barker's Undying, Offho Jalta Hai, Jaya Prakash Reddy, The Lost Queen Book 3 Release Date, 2020 Snow Movies, Oh Summer Days, Parey Hut Love 123movies,