Why Castellum (CTM) Shares Are Trading Higher

Castellum Inc CTM shares are trading higher by 41% to $1.02 during Tuesday’s session after the company announced it secured a $3.2 million contract to enhance cyber-supply chain risk management for naval aircraft systems.

What To Know: Castellum’s subsidiary, Specialty Systems, Inc., secured a $3.2 million contract to support the Naval Air Warfare Center Aircraft Division – Lakehurst. The 18-month project aims to enhance Cyber-Supply Chain Risk Management for Aircraft Launch and Recovery Equipment mission systems.

The initiative focuses on strengthening oversight of supply chain components, leveraging AI and machine learning to establish an automated Software Composition Analysis framework and detect tampering across hardware, firmware and software.

Glen Ives, CEO of Castellum, emphasized the company's dedication to delivering innovative cybersecurity solutions to safeguard national defense operations.

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How To Buy CTM Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Castellum’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, CTM has a 52-week high of $2.83 and a 52-week low of $0.12.