SACRAMENTO, Calif. — Pacific Ethanol Inc., which operates a plant near Boardman, has regained its listing on The NASDAQ Stock Market.
In 2010, the company violated a NASDAQ rule that requires listed securities to maintain a minimum closing bid price of $1 per share. The company failed to regain compliance by Dec. 27, 2010, but was given six months to regain it.
Pacific Ethanol performed a one-for-seven reverse stock split in early June. That gave shareholders one share of stock for every seven they owned, propelling the stock’s value from upper 20-cent range to more than a dollar.
The stock closed at $1.32 per share on June 10 and at $1.44 Friday.
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