share_log

Watching C3is; Shares Trading Higher As Traders Circulate Meme Stock Trader Zack Morris X Post Mentioning The Stock

Benzinga ·  Apr 17 21:42

I like $CISS $1.58 RECENT RS Float: 1.63M Free Float: 79.02k Short Interest: 2.04% Sector: Oil & Shipping Cash/sh: 5.25 Total Cash : 9.6M + Revenue (TTM) : 28.74M Company has been profitable with 32.33% Profit Margin. 140% increase in Total Assets as of December 31, 2023 compared Upcoming Catalysts: C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company ( The ship is currently under a charter agreement till May 2024, after which its gonna be acquired under CISS ) 10% payment has been done , and the remaining will be due till April 2025), *This would sum upto a total of 3 Handysize Bulk Carriers, including the 2 that they already have in their posession. * Key Financial Updates During the first quarter of 2024, generated proceeds of $13.0 million which increased our current cash balance to approximately $35.6 million. With No Bank Debt this would be enough to fund for elective vessel acquisitions following payment of the remaining purchase price for our Aframax tanker.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment