Top Ships: Surges on Reverse Stock Split

Posted by Joseph Keefe March 23, 2018

Shipping company's shares jump 52 pct to 26 cents in heavy premarket trading; top pct gainer on Nasdaq.

To effect 1-for-10 reverse stock split will reduce outstanding shares to ~17 mln. Shares have lost 30.2 pct YTD.

Reporting by Shreyashi Sanyal

Contracts • Finance • Legal

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