Heidmar Maritime Stock Drops 14% Following Offshore Services Expansion Announcement

(RTTNews) - Heidmar Maritime Holdings Corp. (HMR) is trading at $3.44, down 15.60 percent or $0.63 during Friday's trading, after announcing its expansion into commercial management services for the offshore sector.

The stock opened at $3.70 and has traded between $3.09 and $3.88 so far, compared to a previous close of $4.08 on the Nasdaq. Trading volume is 3.75 million shares, below the average volume of 10.62 million. The stock's 52-week range is $1.45 to $10.04.

The company will manage a platform supply vessel and crew under a five-year contract for supply operations in the North Sea, with three one-year extension options.