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Friday, November 29, 2024

Top Ships: Surges on Reverse Stock Split

Maritime Activity Reports, Inc.

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 

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