Dryships switches stock exchange in move to buy time

Greek bulk carrier Dryships is switching stock exchange in a strategic move aimed at warding off a looming delisting. The carrier now has six months to improve its share price.

Photo: /ritzau/AP/Richard Dew/

Struggling carrier Dryships is now transferring to another exchange in an attempt to survive as a listed company.

The share is now, and since Tuesday morning, trading on the Nasdaq Capital Market instead of the Nasdaq Global Market in a maneuver aimed at buying time to avoid a forced delisting.

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