Major news boosted TheENGlobal (ENG), shares in AH Tuesday

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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