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.
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