Top Ships jumps after regaining compliance with Nasdaq's listing rules

TOP Ships

10/10/2022 16:21

** U.S.-listed shares of Greece-based shipping company Top
Ships  TOPS.O  up 13% at $7.94, inching closer to a four-month
high hit last week
    ** Nasdaq notified TOPS that it has regained compliance with
the minimum bid price requirement for the stock exchange
 urn:newsml:reuters.com:*:nGNX79nSP0    
    ** In May, co received notice saying that for previous 30
consecutive business days, stock had closed below the minimum $1
price 
    ** Stock is down ~52% YTD compared with a ~27% decline in
the NASDAQ Transport Index  .IXTR 
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))