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The latest update is out from Rubico Inc. ( (RUBI) ).
Rubico Inc. reported its financial results for the six months ending June 30, 2025, showing a slight decrease in revenues by 1% compared to the same period in 2024. Despite this, the company achieved a 13% increase in net income, attributed to reduced interest and finance costs. Recent developments include a private placement on June 23, 2025, raising $1.5 million, and an Equity Line Purchase Agreement on July 21, 2025, allowing Rubico to sell up to $30 million of its common shares, enhancing its financial flexibility.
More about Rubico Inc.
Rubico Inc. is an international owner and operator in the oil transportation industry, focusing on the operation of two modern, fuel-efficient Suezmax tankers, the M/T Eco Malibu and the M/T Eco West Coast, which are used for transporting crude oil.
Average Trading Volume: 290,031
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