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Why Castor Maritime's Stock is Trading Lower Today

January 8, 2021 10:39 am
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Why Castor Maritime's Stock is Trading Lower Today

Castor Maritime's Stock Price And Volume Action

Castor Maritime (NASDAQ:CTRM) is currently down 24.0% to a price of $0.18. The stock's volume is currently 152.94 million, which is roughly 332.02% of its recent 30-day volume average of 46.06 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Castor Maritime shares are trading lower after the company announced its $26 million registered direct offering is priced at $0.19 per share.

Insights On Recent Price Action

The stock's 50-day moving average was $0.16 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $2.6 and fallen to a low of $0.11.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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