In the after-hours trading, theENGlobal (NASDAQ:ENG), stock surged 20.65% to $2.22 for no apparent reason aside from savvy investors. So far, the only news directly related to stocks has been that it has received notification from the Nasdaq Stock Market that the company has restored compliance with the minimum bid price requirement in order to remain listed on the NASDAQ Capital Market.
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This notice, dated December 4, 2020, confirmed that the closing bid price of the common stock of the a leading provider of engineered modular solutions ENGlobal, was $1.00 per share or greater for the last 10 consecutive business days, from November 19 to December 3, 2020. The business has since restored accordance with Nasdaq Listing Regulation 5550(a)(2) and this matter is now closed.
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