 In this video I'm going to talk about a penny stock whereby the net revenue is up 108% on the quarter. We'll go through this penny stock and the recent news. This is also a penny stock that is lower than the recent direct offering, which is also very interesting as well. We'll go into this stock. I've got to say I'm not a financial advisor. I am a business teacher but I'm by no means an expert on the stock market. If you could smash the like button then I really do appreciate that as it does help out the channel and helps growers into more subscribers. So thank you for all the support on the channel and do subscribe if you knew. Welcome, we cover many penny stocks. So let's go into this penny stock that the net revenue is up over 108% on the quarter. So the stock that we're talking about today of course is Castor Maritime. So the ticker symbol for this is CTRM. Now we did actually cover this one a couple of months ago, three months ago, something like that. And you know I did say that this one's got a lot of potential for a run up and it did run up. But now with the correction but also with the fact of the lower direct offering that's been offered the stock's gone down considerably. There's also been a lot of short squeeze going on a lot of companies that are short squeezing this. There's a lot of you know attacks on this company at the moment. So which is why it's been beaten down. But its fundamentals are there. Its core aim is there. Its core objective of what it does is there and it's got a products that requires a need or a service that requires a need and they're expanding their fleet. So we'll get into what this company is. But what I would say is this is now lower than the actual direct offering. Okay so which is very interesting. Before we get into that of course just remember to smash the like button and also please do subscribe to the channel just to help out the channel. I do appreciate that and we do cover CTRM but we also going to cover a lot of other penny stocks and I also listened to the comments section in terms of the penny stocks that you would like me to cover next. So if there's any penny stocks you would like me to cover then do put them in the comments section down below and I'll be happy to give you my views on those penny stocks. Just let me know in the comments down below. Let's go on. So unless anybody's unaware of who Castor Maritime is. I'm sure many of you are watching this video but there may be a couple of people that aren't. So just for the benefit of those people. So what they are is a growth orientated global shipping company engaged in the world in the seaborn transportation of a wide variety of commodities along worldwide shipping routes through the ownership of dry bulk and tanker vessels. Okay so they are a transportation company that particularly focus on dry bulk goods okay and commodities. So moving into this as well is that they've actually announced on the April 5th so this is fairly recently. They did announce a direct offering of 125 million a registered direct offering and this was for essentially 0.65 per share. Okay so look thinking of that you know 0.65 it's currently at 0.5 around 0.5 so you know it's below the direct offering and you know I do see this one moving up to much higher than what it currently is. I'll go through my pricing target in a moment but I do see this is getting to a very cheap price okay very cheap price and I did want to do an update on this one much earlier but I really didn't want to cover it when it was like $1.82. You know I'm happy to cover it at this price because I do believe that it's now getting towards a buy zone so let's go into the information but again this direct offering which is higher than the actual current price. It's also a cast or maritime share price it's also melted down so there's this capital.com article about the short squeeze frenzy that's going on and it's lost its value of 700 million to 300 million in terms of the price going down. Meanwhile the firm has announced the delivery of four additional vessels to its fleet now compromising of nine vessels okay so what they're doing there is of course they're expanding their fleet and the amount of vessels that they have which means that they can then of course transport more bulk goods and I do see that as a potential fervor revenue stream that they're going to expand their revenue what we have to consider though is the demand for these dry bulk goods and the transportations of them we'll get into that a bit later. So this means that the cast or good have an all guns line up to keep growing its revenues during the next quarter as global trade continues to pick up due to en masse vaccination so what many people don't realize is this is partly partly reopening play believe it or not because we're going to see much more global trade happening as the vaccinations you know obviously take effect and we're going to see more global trade happening and I see cast or maritime could have a lot of potential here to grow on the back of that okay because a lot of people's people are sleeping on this fact that it's not you know they don't know it's a reopening play because I think it's a transportation this is a reopening play in its own right so I do see this one moving up as we come out of the situation that we're in but on in addition to that is is the growing revenue because of the amount of vessels that they have and the growing number of vessels which is always good to see. Also some recent financial news in terms of the three months ending December 31st 2020 till 2021 okay so we've got here two key areas here so we've got the revenues for the three months has actually increased from in 2020 from 2019 as an increase of a 57 percent period period increase okay 57 percent and also the earnings revenue net of 12.5 million dollars for the year ending December 31st 2020 as compared to 6 million for the year ending December 31 2019 or a year 108 percent period to period increase 108 percent so I do see that this company is going to do well if they're growing their vessels I mean they're expanding their fleet of vessels should I say then they've got more transportation that they can do then they are going to grow the revenue from that so it is a case of a company that's just scaling up scaling up their vessels now the problem is is the are they going to be able to manage their operational strategy effectively in order to maximize their revenue on these vessels because of course the more vessels they have the more operational strategies needed in terms of managing these vessels so they've got to make sure that they're actually making sure that they're getting the full use out of these vessels and you know they're getting the profits from them in terms of continuously trying to use them to obviously transport dry bulk goods so very interesting stuff but but you know it is one of those things that the demand absolutely needs to be there because they don't want nine vessels not actually being used or a couple of them not being used because that can have an impact on their revenues so they want to maximize the use of all the vessels they got so that they then build up the revenue and then reinvest further into more vessels and it's just a case of building up to what the demand is there for the dry bulk goods so a very simple business model very simple understanding of this company and it's very effective I think what they're doing is a transportation company trying to deliver and deliver goods here and just transport them through their vessels now we've also got some recent concerns though with this yahoo finance article okay and it says that the 2021 still is expected to be a year of recovery for the sector so the lead research analyst predicts volume for dry bulk shipping to expand by 4.8% it was also predicted that the bulk carrier fleet would only expand by 2.3% in 2021 the lowest increase in capacity since 2000 okay and the company went on buying binge in terms of actually increasing its size of the fleet so this is part of the bullish argument for CTRM they're expanding their fleet therefore they're going to get more customers and you know delivery of goods right now the problem is is that there is a underestimation here in terms of how much the industry is going to grow so it's not to say that this is going to experience completely ridiculous growth in like you know like 500% revenue growth or 800% revenue growth anything like that it's not going to experience that it's not going to be a hyper growth company it's going to be one that gradually grows in line with the demand for the dry bulk transportation right so that is just something to consider there that you know it's not going to be a 10 bag a 20 bag a you know in a in a few months it's not the stock for that and I do believe that you know that there's a lot of people that are investing in this thinking oh I'm going to you know make 10x my money in six months unfortunately it's not the case for this for this stock okay I do believe that it's going to be doing good I do believe that it can get above a dollar again very very easily I do believe that one dollar and I think at that point you're almost doubling your money so I do see this one into the future moving up gradually and again it's at a discount at the moment I believe although I think it could drop into the 0.4s okay and if it does that's obviously an even better discount so we've got the 52 week high here of $1.95 and the 52 week low of 0.11 what I would do is if it falls below 0.5 I would potentially consider buying this but then as it moves back hopefully to 0.3 to 0.4 buy up buy that up because I do see you know I'm so I'm considering doing I'm considering buying at that range because I do see this one moving up to $1 again okay very very easily will it get up to the $2 range again I think it's possible if they expand their fleet more vessels come on board they also make sure that they increase the revenue and they also maybe put out some information about what their operational strategy is a bit more fair but breaking down of that information in a updated you know document I know they've done some stuff in the past but you know a more updated document talking about their very specific very specific detail a massive document and you know maybe I'm sad but that's something that I'd read about their strategic direction going forward that's what I want to hear but I do see this one doing very well in towards the future so and I do see it as a discount at the moment because the direct offering was at 0.65 it's now at 0.52 if you catch this at in the zero point threes that would be an absolute bargain in my opinion you can catch it in the zero point threes because you're getting a half a discount there really pretty much and you know I would say that you know anywhere between this kind of zero point three to zero point five level I would see as a potential buy zone and I do see this one moving up towards the future anyways if you enjoyed the video if you enjoyed the information if you found it interesting then do smash the like button as it really does support the channel really help us out there and help smash the like button and also subscribe if you knew we cover many penny stocks and we'll cover those that you would like me to cover as well so comment down below in the comments section which penny stocks you would like me to cover and I will certainly consider looking into those of course I can't cover all penny stocks and I wouldn't want to do that I only want to cover the ones that that that kind of I'm you know kind of gravitate towards then I'll cover those so thank you for watching the video I will see everybody in the next one