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NASDAQ grants Pacific Ethanol a 180-day reprieve

December 30, 2010 |

In California, NASDAQ has granted Pacific Ethanol a 180-day reprieve to get its financial house in order before the stock exchange de-lists the company. The value of the company’s stock dipped below $1 per share for several months, breaching NASDAQ’s trading rules. Currently trading around 73 cents, the stock much breach $1 per share for 10 consecutive trading days before June 27 to remain listed.

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Category: Fuels

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