Castor Maritime (CTRM) has released an update.
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Castor Maritime Inc. reports a strong financial position in their latest unaudited condensed consolidated balance sheets, with an increase in cash and cash equivalents from $111.4 million on December 31, 2023, to $230.1 million by June 30, 2024. The company’s total assets remained substantial, showing a slight decrease from $605 million at the end of 2023 to $602 million mid-2024. Investment in equity securities and assets held for sale experienced notable changes during the reporting period.
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