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CTRM Stock: What Is Going on With Popular Castor Maritime Today? A reverse split for CTRM stock helps with Nasdaq, but doesn t likely change outlook for the shipper May 24, 2021, 9:33 am EDT May 24, 2021
Castor Maritime (NASDAQ:
CTRM) are down more than 17% in pre-market trading on Monday morning after the global shipping company announced a 1-for-10 reverse stock split, effective on May 28. The drop is set to extend further losses that CTRM stock has suffered over the past 15 sessions.
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Nasdaq. When the reverse stock split becomes effective, every 10 of the company’s issued and outstanding common shares will be combined into one. Investors should note that this will occur without any change to the par value of $0.001 per share or any shareholder’s ownership percentage of the common shares.
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