C3is Inc. (NASDAQ:CISS) shares jumped 17.18% to $0.62 in after-hours trading on Wednesday.
In the regular session, the stock of the Greece-based international shipping company closed at $0.53, down 15.51%, according to Benzinga Pro data.
The move follows C3is’ Monday announcement that a wholly owned subsidiary signed a new voyage charter for its Aframax tanker, the Afrapearl II.
Fleet Growth and NAV in Focus
The gross charter rate is $175,000 per day on a round-voyage basis for 25 days.
The Afrapearl II is a 115,804 deadweight-ton Aframax oil tanker built in 2010.
C3is said it took delivery of its second MR product tanker in the third quarter of 2026. Total fleet capacity now stands at 311,431 DWT.
The company also estimated its fully diluted net asset value (NAV) at $11.73 per share. C3is cautioned that the figure is a snapshot in time and relies on assumptions and estimates.
The company has a fleet of six vessels. These include three Handysize dry bulk carriers, one Aframax tanker and two product tankers.
Trading Metrics, Technical Analysis
C3is has a Relative Strength Index (RSI) of 16.67. The stock has fallen 100% over the past 12 months. CISS is currently trading very close to its annual low of $0.52.
Benzinga’s Edge Stock Rankings indicate C3is stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Zakharchuk / Shutterstock
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