Pingtan Ocean Industry re -abides by Nasdaq's minimum stock price requirements

On July 6, Capital State learned that Pingtan Ocean Industry (PME.US), a listed company in the U.S. stock market, announced that the company received a notice from the Nasdaq's listing qualification department on June 29, 2022, indicating that the companyStocks have re -met the requirements of Nasdaq's listing rules.

Earlier, the company received a notice from Nasdaq on June 30, 2021 that the company's common shares in the past 30 consecutive trading days were lower than the minimum price of $ 1 for Nasdaq's listing requirements.On June 29, 2022, Nasdaq confirmed that during the 16 consecutive trading days from June 2 to June 24, 2022, the company's stock price was $ 1 or higher per share.As a result, the company has re -complied with the Nasdaq listing regulations.

As of the close of the Eastern Time on July 5, Pingtan Ocean Company reported at $ 0.942.

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