CTRM - Castor Marine ER playCastor Marine MC is less than half of assets. Meanwhile, they have record revenue and profits Q over Q and Y over Y. In short, they're making a killing. They ended their ATM in June. There is no need to raise additional funds and can easily make plays for additional vessels with cash flow. The company is likely considering dividends at this point and should be coming by early 2023 (latest), if not in Q3. Longer term descending triangle in play with termination near early August ER. MAs getting tightly packed and average volume has slowly decreased over the past 6 months. Bottom is in and looking to break out and fill gap above between $6.03-7.20.
Castormaritime
$CTRM Castor Maritime: The cup is starting to take shape! $$$$$$CTRM, company in the dry bulk shipping sector. Currently expanding considerably in material. In the coming days we can expect earnings from this great company with potential. We also managed to reach the 10/10 days for compliance by quoting 10 days above $ 1. The cup is starting to take shape and so all signs point to this stock being hugely bullish!
Castor Maritime INC.I'm just publishing a quick markup of Castor Maritime Inc.
$CTRM engages in the provision of shipping transportation services through it's ownership of dry bulk vessels. They also offer seaborne transportation services for dry bulk cargo including iron ore, coal and grain.
I came across this stock when someone from this financial group I'm apart of mentioned it in the forum. At the time it was trading at $0.3006 per share, but it's raising fairly quickly. Price action recently broke market structure with very strong bullish momentum and it's currently heading towards a pivot area.
I would look to shave off some profits from any open positions, read the tape and allow the rest to ride with the rally. We shall see..
US Stock In Play: $CTRM (Castor Maritime Inc)$CTRM continues its momentous ascend of share price with an overnight rally of +14.53%, closing at its 7 months high of $0.71. This accumulates to a total gain of +272% since the start of 2021.
The accumulation of $CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021 and 27th Jan 2021.
At the current junction, $CTRM remains inside a Bearish Spinning Top candlestick pattern that was printed on 28th January 2020 due to news of restricted trading on $CTRM for being one of the reddit’s WSB target. The negation of this short bearish signal requires $CTRM to clear $0.90.