Rubico Shares Pop 31.7% After NAV Disclosure of $22.88 Per Share
Shares of Rubico jumped 31.68% in after-hours trading to $1.33 after closing the regular session at $1.01, reflecting a 19.94% gain. The company reported a $94.2 million NAV as of December 31, 2025, or $22.88 per share ($15.08 fully diluted), trading at a 94.4% discount to NAV.
1. After-Hours Stock Surge
Shares of Rubico rocketed 31.68% in after-hours trading to $1.33 after closing the regular session at $1.01, marking a 19.94% gain on the day.
2. NAV Disclosure and Valuation Discount
The company reported a net asset value of $94.2 million as of December 31, 2025, equating to $22.88 per common share or $15.08 fully diluted when accounting for 2.13 million warrants, implying a 94.4% discount to its market price.
3. Fleet Cash Flow Strength
Rubico’s fleet, with an average age of five years and eco-friendly, fuel-efficient vessels, operates under time charters that have produced consistent positive cash flow and income through their fixed terms ending in Q1 2031.