Pacific Ethanol facing NASDAQ delisting over low share prices

September 21, 2011 | admin

In California, Nasdaq has again warned Pacific Ethanol (PEIX) that it risks being delisted because the company’s stock had closed at below $1 for 30 trading days straight.

Shares, that were trading at 29 cents on Monday, must trade at $1 or higher for at least 10 consecutive days before March 12 or risk being delisted. The stock may also qualify for a reprieve of an additional 180 days.