Why Is It Moving? Looking Into Why Castor Maritime's Stock is Trading Lower Today

Castor Maritime's Stock Price And Volume Action

Castor Maritime CTRM is currently down 23.22% to a price of $0.58. Monday the stock has been traded at a volume of 120.70 million, about 161.47% of its recent 30-day volume average of 74.75 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 priced its $125 million registered direct offering at $0.65 per share.

Insights On Recent Price Action

The stock's 50-day moving average was $0.9 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $1.95 and fallen to a low of $0.11.

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See also: How to Buy Castor Maritime (CTRM) Stock