Pacific Ethanol facing NASDAQ delisting over low share prices

In California, Nasdaq has again warned Pacific Ethanol (PEIX) that it risks being delisted because the company’s stock had closed at below $1 for 30 trading days straight.

Shares, that were trading at 29 cents on Monday, must trade at $1 or higher for at least 10 consecutive days before March 12 or risk being delisted. The stock may also qualify for a reprieve of an additional 180 days.