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Pacific Ethanol back in NASDAQ compliance PDF Print E-mail
Written by Business Journal staff   
Tuesday, 26 January 2010 15:25

Pacific Ethanol has received a letter from the NASDAQ stock exchange that it is once again in compliance with requirements for minimum closing bids.

On Sept. 15, 2009, the Sacramento-based company with a shuttered ethanol plant in Madera received notice it was out of compliance with listing requirements because its minimum closing bid price was less than $1.

Shares of Pacific Ethanol closed at about $2.13 at the close of trading. The stock price received a boost from news that it recently re-started production at one of its ethanol plants in Idaho.