Torchlight Energy Resources Inc. regained compliance with the $1 minimum closing price requirement for listing on the NASDAQ stock market. The company will therefore continue listing its common stock on the exchange, Torchlight said July 26.
Torchlight was notified through a letter that it had regained compliance.
Previously, NASDAQ had notified the company of noncompliance because its common stock did not meet the minimum closing price requirement for more than 30 consecutive business days.
Plano, Texas-based Torchlight met the requirement for compliance on July 25.
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