United Maritime surges on share repurchase plan

United Maritime

02/09/2022 14:23

** Shares of United Maritime Corp  USEA.O  jump 45.5%
premarket to $1.76
    ** Company to repurchase up to $3 million of its common
shares, representing up to ~26% of co's market capitalization as
of Sept. 1  urn:newsml:reuters.com:*:nGNX7dZkMX
    ** "We believe that the share price of United is
significantly undervalued considering the solid vessel valuation
and earnings environment of the tanker sector" - CEO Stamatis
Tsantanis

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))