TOP Ships (TOPS) Robust Rise in Profits; Upward Climb for Kingold Jewelry (KGJI)


TOP Ships Inc. (Nasdaq:TOPS) shares climbed over 30% in after-hours trading Friday as the company delivered a significant growth in profits and revenues in its interim – unaudited – financial results

For the first half 2016, the international ship-owning company posted revenues of $11.63 million, a 147.54% increase year over year, and net income of $290,000, or $0.08 per diluted share, compared to net loss of ($5.36) million, or ($2.74 ) per diluted share in the same period the prior year

TOPS finished the regular session in negative territory by 15.08% (or -$0.46) at $2.59 with a total volume of 415,557 shares traded

TOP Ships, which provides seaborne transportation services worldwide, has 3.55M Shares Outstanding and TOPS stock 52-week range is from $1.30 to $12.29 per share. The company had a market capitalization of $9.2M at close on Friday



Shares of Kingold Jewelry Inc. (Nasdaq:KGJI) soared to touch a new 52-week high in the extended session Friday after the company said that it sold all of its interest in the Kingold Jewelry Cultural Industry Park to Wuhan Lianfuda Investment Management Co., Ltd. for about $171 million

KGJI stock closed at $1.79, down $0.03 (or -1.65%), and 265,673 of its shares changed hands during the day, increased activity versus its average volume (3m) of 188,542

Kingold Jewelry, which designs, manufactures, and sells gold jewelry and Chinese ornaments, has 65.96M Shares Outstanding, Market Capitalization (intraday) of $118.07M and KGJI stock one-year range is between $0.49 and $2.09 per share


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