Castor Maritime (CTRM) has released an update.
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Castor Maritime Inc. has reported its financial results for the nine months ending September 30, 2024, showing a decline in total assets from $605 million to $563 million compared to December 31, 2023. The company’s cash and cash equivalents increased significantly, suggesting a strong liquidity position. However, the reduction in non-current assets and accounts receivable indicates potential challenges in asset management and revenue collection.
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