RedHill Biopharma Announces Receipt Of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
RedHill Biopharma has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's shares have been trading below the minimum $1.00 per share requirement for continued listing.
September 22, 2023 | 8:16 pm
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RedHill Biopharma's stock price may be negatively impacted due to the Nasdaq notification about minimum bid price deficiency.
The Nasdaq notification indicates that RedHill Biopharma's shares have been trading below the minimum $1.00 per share requirement for continued listing. This could lead to a negative sentiment among investors, potentially causing a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100