Castor Maritime Inc (NASDAQ:CTRM) shares are trading higher by 15% at $2.33 Thursday morning after the company reported second-quarter EPS of 7 cents per share, up from a loss of 12 cents per share year-over-year. Castor Maritime also reported second-quarter sales of $21.80 million, up from $2.59 million year-over-year.

Petros Panagiotidis, Chief Executive Officer of Castor commented:"The first six months of 2021 was a transformational period for our Company, as we were able to raise $262.5 million of equity and $33.3 million of debt and grow our fleet from 6 vessels at the end of 2020 to 26 vessels on a fully delivered basis."

Castor Maritime is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, scrap metal, among others. The company's revenues are derived from time charter, bareboat charter and spot charter contracts.

Castor Maritime has a 52-week high of $19.50 and a 52-week low of $1.12.