Hallador Energy Company Regains Compliance with Nasdaq Listing Requirements

Rhea-AI Summary

Hallador Energy Company (HNRG) announced on December 21, 2020, that it has regained compliance with Nasdaq's minimum bid price requirement. The notification, received on December 17, confirmed that HNRG's common stock closing bid price was at or above $1.00 for ten consecutive business days. This compliance reinstatement indicates stability in the company's stock performance, and Nasdaq has now closed this matter.

Positive

• Regained compliance with Nasdaq's minimum bid price requirement.
• Common stock closing bid price was above $1.00 for ten consecutive business days.

Negative

• None.

TERRE HAUTE, Ind., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq:  HNRG) (the “Company") today announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") on December 17, 2020, confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).  The Company regained compliance with the Nasdaq’s requirement when the closing bid price for the Company’s common stock was at or above $1.00 for ten consecutive business days.  Accordingly, Nasdaq considers this matter closed.

Hallador is headquartered in Terre Haute, Indiana and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our website at www.halladorenergy.com.

FAQ

What does Hallador Energy's compliance with Nasdaq mean for investors?

Regaining compliance signifies that Hallador Energy's stock is performing well, which may restore investor confidence.

When did Hallador Energy regain compliance with Nasdaq?

Hallador regained compliance on December 17, 2020, when its stock price met the required threshold.

What is the minimum bid price requirement for Nasdaq?

The minimum bid price requirement for Nasdaq is $1.00 per share for a company to remain listed.

How long did Hallador Energy's stock maintain the required price?

Hallador's stock maintained the required price for ten consecutive business days.

What is Hallador Energy's stock symbol?

Hallador Energy's stock symbol is HNRG.