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Weak share prices could send carriers off Nasdaq

The share prices of numerous dry bulk carriers on the Nasdaq stock exchange in New York are approaching the threshold that could trigger a warning from the US Securities and Exchange Commission and, in the worst case scenario, a delisting.

Photo: /ritzau/AP/Richard Dew/

Several dry bulk carriers listed on Nasdaq in New York are approaching the edge that will trigger a warning from the US Securities and Exchange Commission (SEC) if their share value drops to less than one USD, which could, in the worst case scenario, lead to a delisting for the carriers.

Greek-controlled Euroseas became the first carrier on the US stock exchange to receive a warning about the company's weak share price at the beginning of 2015, as the carrier's share has hovered below one USD for 30 consecutive trading days.

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