CN Energy Group Gets Written Notice From Nasdaq On May 28, 2024, That It Is Not In Full Compliance With Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
CN Energy Group received a written notice from Nasdaq on May 28, 2024, indicating that it is not in full compliance with the minimum bid price requirement.
June 03, 2024 | 9:32 pm
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CN Energy Group received a notice from Nasdaq on May 28, 2024, for not complying with the minimum bid price requirement. This could lead to potential delisting if the issue is not resolved.
The notice from Nasdaq indicates that CNEY is not meeting the minimum bid price requirement, which is a critical regulatory issue. This could lead to a negative sentiment among investors and potential selling pressure, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100