Castor Maritime CTRM shares are trading higher Thursday after the company announced that it has entered into agreements to purchase two 2005 Korean-built Aframax LR2 tankers from an unaffiliated third-party seller for an aggregate purchase price of $27.2 million.
See also: How to Buy Castor Maritime (CTRM) Stock
Castor Maritime is a provider of worldwide 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 stock was up 53.36% at $1.28. The stock has a 52-week high of $2.60 and a 52-week low of 14 cents.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
