CTRM - Castor Marine ER play

23 thg 7, 2022

Castor 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.