TOP SHIPS (TOPS) Bounces Back Strongly: Hits 7-Month High

The action in the TOP SHIPS Inc (NASDAQ: TOPS) stock this past Friday was quite intriguing considering the fact that it jumped by as high as 44% despite there being no recent news about the company.

It goes without saying that such a move can be a bit confusing for investors, but in such a situation it might be a good idea to look into certain important developments from the past. For instance, back in August last year, Top Shops received a letter from NASDAQ indicating that its stock regained compliance with regards to its minimum bid price requirements.

Prior to that, back in June 2020, the company had also done a registered direct offering of its stock that fetched as huge as $7.8 million. Top Ships made an offering of as many as 60,000,000 shares of its common stock at $0.13 per share. While there have been no recent developments, it might be useful to keep an eye out for any news regarding Top Ships.