Castor Maritime Inc. after-hours down 1.21% due to Ceres Power's licensing deal and revenue surge, while unrelated energy service contracts and reforestation project news have minimal impact.
AinvestMonday, Jul 22, 2024 5:15 pm ET
1min readCastor Maritime Inc. experienced a decline of 1.21% in after-hours trading. The drop was influenced by news that Ceres Power Holdings PLC secured a significant licensing deal and increased its revenue guidance, which is primarily focused on clean energy technology, while the other news events related to Castor Maritime, such as contract extensions and a fuel cell supply deal, are not directly tied to the company's operations or financial performance. Therefore, the decline in Castor Maritime's stock price is not directly linked to these news events.
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