Castor Maritime Inc. Announces Sales Of M/V Magic Nova And M/V Magic Horizon For Aggregate Price of $31.9M With Aggregate Expected Net Gain Of $9M
Portfolio Pulse from Benzinga Newsdesk
Castor Maritime Inc. has announced the sale of two vessels, M/V Magic Nova and M/V Magic Horizon, for a total of $31.9 million. The company expects to realize a net gain of approximately $9 million from these transactions.
January 29, 2024 | 2:04 pm
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Castor Maritime Inc. has sold M/V Magic Nova and M/V Magic Horizon for $31.9M, with an expected net gain of $9M.
The sale of the two vessels is likely to be viewed positively by investors as it results in a substantial net gain for Castor Maritime. This could lead to increased investor confidence and a potential short-term uptick in the stock price. However, the impact may be moderated by market conditions and the company's overall financial health.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100