MingZhu Logistics (YGMZ) said Wednesday that it received a notification from the Nasdaq that the company regained compliance with the exchange's closing bid price rule.
The decision was made after MingZhu's shares closed at $1 or greater for 20 consecutive days from April 17 through May 8, according to the company.
Nasdaq Hearings Panel imposed a discretionary panel monitor for one year to address any future potential compliance concerns, MingZhu said.
Shares of the company were up 1.6% in recent after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.