Greek tanker company Performance Shipping said on Wednesday that the Nasdaq has lifted a warning about its shares failing to meet trading requirements.

Performance stock has been trading at $1.00 or above for at least 10 consecutive business days up to 13 November and, as such, has regained compliance with the New York bourse’s listing rules.

“The matter is now closed,” Performance Shipping said in an announcement.

The compliance comes after Performance Shipping pulled through a one-for-10 reverse stock split of its common shares at the end of October, in an effort to keep them trading.

“As a publicly listed company since 2011, we are fully committed to maintaining our Nasdaq listing and we welcome the notification from Nasdaq confirming that we have regained compliance,” Performance Shipping chief executive Andreas Michalopoulos said in a statement on 18 November.

Performance Shipping was originally known as Diana Containerships. However, over the past year, the Simeon Palios-founded company has refashioned itself as a pure-play tanker company.

Regaining compliance apart, performance is trying to make its stock more attractive by announcing last month a new dividend policy of quarterly variable cash payouts.

Performance Shipping currently operates four aframaxes and expects to take delivery of one-fifth by the end of the year. The company said this latest expansion move represents “an important milestone” that marks the completion of its first, internally financed growth phase.

Performance Shipping announced earlier this week a net income of $6.3m for the nine months to the end of September, compared to a net loss of $19.8m in the corresponding period last year.