Shares of US-listed tanker owner Top Ships rose 6.3% in New York on Monday after the company announced a plan to buy back up to a tenth of its own stock.
The share price closed at $1.36 in New York trading, up from $1.28 the previous day.
The market likely reacted to news that Top Ships' board of directors authorised a share repurchase program under which the company may repurchase up to $5.1m
