Why Castor Maritime Sunk Another 15% in June

Shares of Castor Maritime (NASDAQ: CTRM) had that sinking feeling again in June, falling another 14.6% after getting torpedoed in May with a 39% decline.

That drop, though, actually came after starting the month with a 19% gain following its first quarter earnings report, showing it turned profitable again after a year of losses. That means for the round trip Castor actually suffered another massive decline of 36%.

Image source: Castor Maritime.

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Source Fool.com