Zinger Key Points
- NXTP shares have surged 53% Monday morning due to ongoing volatility.
- This rise follows the company's recent notification for missing financial report deadlines in 2023.
Nextplay Technologies Inc NXTP shares are trading higher by 53% to $0.64 Monday morning on continued volatility after the company last week received notification for not meeting the deadline to file its financial reports for several periods in 2023.
In the notice, Nasdaq mentioned suspension of trading the company's securities starting December 7, unless an appeal is requested. The company last week said it plans to request an appeal and has already made a payment for the appeal request and believes it can regain compliance within the time period prior to the hearing.
However, there's no guarantee they'll regain compliance or maintain it with Nasdaq's listing requirements. No further updates have been announced from the company at this time.
See Also: NextPlay Technologies Receives Notice from Nasdaq
According to data from Benzinga Pro, NXTP has a 52-week high of $4.40 and a 52-week low of $0.25.
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