share_log

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

Benzinga ·  Apr 17 09:42

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment