Pacific Ethanol will have to reverse stock split, again

In California, Sacramento-based company Pacific Ethanol has once again received a warning letter from NASDAQ after its shares have closed at under $1 for the past thirty days. The company must once again perform a reverse stock split, after undergoing a 7-to-1 trade-in earlier this year. The company maintains a 34% stake in four ethanol plants with a combined annual production capacity of 200 million gallons.

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