Moxian Regains Compliance with NASDAQ Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Moxian, Inc. has regained compliance with NASDAQ's minimum bid price requirement. The company's common stock has maintained a closing bid price of $1.00 per share or more for at least 10 consecutive business days, as required by NASDAQ Listing Rule 5550(a)(2).
August 15, 2023 | 12:35 pm
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Moxian, Inc. has regained compliance with NASDAQ's minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with NASDAQ's minimum bid price requirement is a positive development for Moxian, Inc. This could potentially boost investor confidence in the company, as it indicates that the company's stock is performing at a level that meets NASDAQ's standards. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100