CHINA NATURAL RESOURCES GRANTED SECOND 180-DAY PERIOD BY NASDAQ TO REGAIN COMPLIANCE WITH MINIMUM BID PRICE RULE
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China Natural Resources Inc. (NASDAQ: CHNR) has been granted an additional 180-day period by Nasdaq to comply with the $1.00 minimum bid price requirement, extending the deadline to June 30, 2025.
January 06, 2025 | 11:45 am
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China Natural Resources Inc. has been given an additional 180 days by Nasdaq to meet the $1.00 minimum bid price requirement, with a new deadline of June 30, 2025.
The extension provides CHNR more time to regain compliance, which is crucial for maintaining its Nasdaq listing. This news is significant for investors as it impacts the company's stock price stability and market perception. However, the immediate impact on stock price is neutral as it does not resolve the compliance issue but merely extends the deadline.
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IMPORTANCE 80
RELEVANCE 100