What's Going On With Farmmi Shares Today?

Farmmi Inc FAMI shares are trading lower by 4.11% at around $0.08. Farmmi Monday received determination from Nasdaq to delist the company's securities from The Nasdaq Capital Market because the company's securities have had a closing bid price below $0.10 for ten consecutive trading days.

Farmmi also currently fails to satisfy the requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq.

Farmmi plans to appeal Nasdaq's determination to a hearings panel and expects the recently approved consolidation of its ordinary shares will take effect on May 31, 2022.

See Also: Why Inovio Pharmaceuticals Stock Is Rising Today

Farmmi acts as a supplier of agricultural products.

According to data from Benzinga Pro, Farmmi has a 52-week high of $0.66 and a 52-week low of $0.07.