Genco Shipping & Trading and Pyxis Tankers both received notices from New York’s exchanges that their stock prices are too low for listing requirements, while DryShips announced a timeline to address its shares’ ongoing deficiency.
Peter Georgiopoulos-led Genco said the New York Stock Exchange has told the bulker owner that its share price has been below the $1 minimum for 30 consecutive days.
Genco
