NEW YORK, December 28, 2025, 23:46 ET — Market closed
- Davis Commodities shares last closed up 66% at $0.3951 on Friday, after swinging between $0.33 and $0.50
- About 149 million shares changed hands, versus about 388,000 in the prior session
- Company’s latest disclosure was a Dec. 23 Form 6-K with unaudited first-half results; Nasdaq bid-price deadline runs to March 16, 2026
Davis Commodities Limited (DTCK.O) shares ended Friday’s session up 66% at $0.3951, after a sharp, high-volume swing in the low-priced stock. The shares were last quoted at $0.46 in after-hours trading on Friday. [1]
The move drew attention because nearly 149 million shares traded, far above the prior session’s roughly 388,000 shares, market data showed. [2]
The company’s stock remains well under $1, a level that matters for Nasdaq listing compliance. Davis Commodities has until March 16, 2026 to regain compliance with Nasdaq’s $1 minimum bid-price requirement, a September filing showed. [3]
Davis Commodities’ most recent U.S. disclosure was a Form 6-K filed on Dec. 23, which included unaudited interim financial statements and an earnings press release. A Form 6-K is used by foreign private issuers to report material updates to U.S. investors. [4]
In that update, the Singapore-based agricultural commodity trader said revenue for the six months ended June 30 rose to $95.0 million from $66.9 million a year earlier. Net income fell to $0.04 million from $1.3 million, the company said. [5]
Gross profit slipped to $2.6 million from $2.9 million, and gross margin — profit after direct costs — narrowed to 2.8% from 4.4%, the release showed. The company cited higher purchase and transportation costs and weaker pricing in some categories. [6]
Sugar remained the company’s largest revenue line at $60.8 million, while rice contributed $19.7 million and oil and fat products $14.5 million, the company said. [7]
By region, revenue from Africa rose to $66.2 million and revenue from China climbed to $15.2 million, the company said, while it cited regulatory changes affecting trade flows in parts of Asia. [8]
“Our performance is shaped by fluctuations in commodity prices and shipping costs,” executive chairperson Li Peng Leck said in the Dec. 23 release. [9]
The company reported $1.7 million of cash and cash equivalents as of June 30, compared with $0.7 million at Dec. 31, and said it used $2.3 million in operating cash flow in the first half. It also reported $12.6 million of new bank borrowings during the period. [10]
Nasdaq’s listing staff granted the company an additional 180-day window — through March 16, 2026 — to regain the $1 minimum bid price, the September filing said. The company said it intended to cure the deficiency and flagged a reverse stock split if needed, a move that reduces the share count and lifts the price per share. [11]
Before the next session, traders will watch for any fresh company disclosure in U.S. filings and whether Friday’s surge holds when markets reopen. Technically, the stock’s Friday range ran from $0.33 to $0.4998, with the prior close at $0.2379, data showed. [12]
Broader risk appetite may also hinge on a holiday-thinned U.S. data calendar, including pending home sales due at 10:00 a.m. ET on Monday and minutes from the Federal Reserve’s December meeting scheduled for Tuesday, according to published calendars. [13]
U.S. stock markets are closed on Thursday for New Year’s Day, Nasdaq’s holiday schedule shows, which can further reduce liquidity into year-end. [14]
References
1. markets.financialcontent.com, 2. markets.financialcontent.com, 3. www.sec.gov, 4. www.sec.gov, 5. www.globenewswire.com, 6. www.globenewswire.com, 7. www.globenewswire.com, 8. www.globenewswire.com, 9. www.globenewswire.com, 10. www.globenewswire.com, 11. www.sec.gov, 12. markets.financialcontent.com, 13. www.marketwatch.com, 14. www.nasdaq.com
