Why Castor Maritime Stock Popped Today
Shares of Castor Maritime (NASDAQ: CTRM) climbed on Thursday after the shipping company said it was expanding its fleet. As of 11:22 a.m. EST, its stock price was up more than 8% after rising as much as 18% earlier in the day.
Castor Maritime struck a deal to acquire a 2010 Kamsarmax dry bulk carrier for $14.8 million. The company expects to take delivery of the ship by the second quarter.
Source Fool.com