** Community lender GBank Financial's GBFH.PK shares rise as much as 3.9%, hitting their highest since early February
** Stock last up 1.4% at $40.05
** GBFH late Monday announced its shares had been approved for listing on the Nasdaq Capital Market and expected to commence trading on April 30
** Las Vegas, Nevada-based GBFH has traded on over-the-counter (OTC) markets since 2021
** “Trading on the Nasdaq Capital Market culminates our efforts to provide shareholders with liquidity and consequential share value" - Executive Chairman Edward Nigro
** Likely inclusion in Russell index following Nasdaq listing could boost share price, according to brokerage Janney Montgomery Scott
** Lone analyst covering the stock rates it "strong buy" with $45 PT - data compiled by LSEG
** As of last close, GBFH stock down 8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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