Hallador Energy Company Regains Compliance with Nasdaq Listing Requirements
Hallador Energy Company (HNRG) announced on December 21, 2020, that it has regained compliance with Nasdaq's minimum bid price requirement.
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Rhea-AI Summary
Hallador Energy Company (HNRG) announced on December 21, 2020, that it has regained compliance with Nasdaq's minimum bid price requirement. The notification, received on December 17, confirmed that HNRG's common stock closing bid price was at or above $1.00 for ten consecutive business days. This compliance reinstatement indicates stability in the company's stock performance, and Nasdaq has now closed this matter.
Positive
- Regained compliance with Nasdaq's minimum bid price requirement.
- Common stock closing bid price was above $1.00 for ten consecutive business days.
Negative
- None.
Details
News Market Reaction – HNRG
The recorded move for HNRG in the trading session of this news was -3.81%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TERRE HAUTE, Ind., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG) (the “Company") today announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") on December 17, 2020, confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). The Company regained compliance with the Nasdaq’s requirement when the closing bid price for the Company’s common stock was at or above
Hallador is headquartered in Terre Haute, Indiana and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our website at www.halladorenergy.com.
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