Safe Bulkers was notified by the New York Stock Exchange (NYSE) that its stock was not in compliance with the rule that requires its stock to have a minimum $1.00 closing price on 30 consecutive trading days.
The shipowner has six months in which to put in place a cure to bring its stock price back to the required minimum level.
“The company will respond to the NYSE to confirm its intent to cure this non-compliance.”
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
