Stock Alert: GEE Group Shares Jump 232% In Premarket

(RTTNews) - Shares of GEE Group Inc. (JOB) are climbing over 232% in pre-market today, after the company announced completion of a recapitalization and financial restructuring on June 30, 2020.

The company noted that the recapitalization and financial restructuring significantly strengthened its balance sheet through the elimination of over about $47 million in subordinated debt and mezzanine preferred stock financing while adding about over $40 million pre-tax to GEE Group's stockholders' equity.

The stock has been trading in the range of $0.17 - $0.86 for the past one year, and closed Wednesday's trade at $0.49, down 10.42%. JOB is currently trading at $1.63, up $1.14 or 232.65% in the pre-market session.