Castor Maritime (CTRM) Stock Jumps 7%: Benefits Of The Extremely Risky Castor Maritime Stock

Over the past few days, the value of the stock has improved, to be more precise, by $ 0.2. Last Wednesday, the price was $ 1.96, the same day, it increased by 5%. The next day, the cost dropped significantly to $ 1.86, losing 9%. However, starting from that day, the worth commenced rising every day. On Friday, it surged to $1.92. On August 23, it cost $ 1.96. On Tuesday, the price jumped to $ 2.1.
For those who decided to risk their funds on CTRM stock, it is worth it. First of all, the company could be undervalued based on the comparison between its market value and asset value. Also, Castor will own a fleet of 26 vessels. These ships contribute to the overall asset base of $ 367 million for Q2 of 2021. Total capital will be $ 310 million. The market capitalization of shares CTRM is slightly less than $189 million. As Reuters reported in late April of this year, demand for commodities has increased in the dry cargo market. In addition, in the future, circumstances may change again in favor of the shipping industry.

Robert McDowney

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