CN Energy receives Nasdaq minimum bid price requirement extension
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Nasdaq Compliance Update: CN Energy Group has been granted an additional 180 days until May 27, 2025, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
Future Actions: The company plans to address the deficiency potentially through a reverse stock split and must maintain a closing bid price of $1.00 for ten consecutive business days to confirm compliance.
Analyst Views on CNEY
About CNEY
CN Energy Group Inc is a China-based holding company mainly produces and supplies wood-based activated carbon. The Company also produces biomass electricity generated in the process of producing activated carbon and provides technical service. The Company's products are primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, as well as food and beverage production fields.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
