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Mar 3, 2026 4:00 AM

Why Did Rubico Stock Surge Over 31% After-Hours?

Rubico Inc. (NASDAQ:RUBI) rocketed 31.68% in after-hours trading to $1.33 on Monday.

RUBI closed the regular session at $1.01, up 19.94%, according to Benzinga Pro data.

Deep Discount Sparks After-Hours Surge

On Monday, after the markets closed, the Greece-based global provider of shipping transportation services disclosed a $94.2 million net asset value as of Dec. 31, 2025.

Rubico said that its NAV, based on third-party broker estimates of charter-free vessel values, debt, and cash, equals $22.88 per common share, or $15.08 fully diluted, taking into account 2.13 million warrants.

CEO Highlights Fleet Cash Flow Strength

Chris Pavlidis, CEO of Rubico, said, "As per the latest market close, we are trading ...