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.
The move drew attention because nearly 149 million shares traded, far above the prior session’s roughly 388,000 shares, market data showed.
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.
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.
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.
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.
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.
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.
“Our performance is shaped by fluctuations in commodity prices and shipping costs,” executive chairperson Li Peng Leck said in the Dec. 23 release. GlobeNewswire
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.
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.
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.
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.
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.
