Why Farmmi Shares Are Rising

Farmmi Inc FAMI shares are trading higher after the company announced it received the NASDAQ minimum bid requirement extension through May 30, 2022.

Farmmi confirmed the company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through May 30, 2022.  To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of Farmmi shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by May 30, 2022.

See Also: Why Uber Shares Are Rising

Farmmi acts as a supplier of agricultural products. Farmmi mainly focuses on processing and selling various categories of agricultural products such as Shiitake mushrooms, Mu Er mushrooms and other edible fungi.

Farmmi has a 52-week high of $2.47 and a 52-week low of $0.20.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Penny StocksMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!