By Chris Wack
TOP Ships shares were up 9% at $8.85 after the company said it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market.
The stock hit its 52-week low of $6 on Oct. 9, and is down 85% in the past 12 months.
The owner and operator of modern, fuel-efficient “ECO” tanker vessels effected a 1-for-12 reverse stock split on Sept. 29. The company had previously received a notice letter from Nasdaq on April 25 that it could be delisted.
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