Nasdaq Halts Pingtan Marine Enterprise Ltd.

Rhea-AI Summary

The Nasdaq Stock Market (NDAQ) announced trading halts for Pingtan Marine Enterprise Ltd. (PME) on December 9, 2022, at 09:14:21 A.M. Eastern Time. The halt occurred at a trading price of $0.57 due to a request for 'additional information' from the company. Trading will remain suspended until the company satisfies Nasdaq's information request. Investors are advised to monitor updates for further developments concerning the trading status of PME.

Positive

• None.

Negative

• Trading halted for Pingtan Marine Enterprise Ltd. at $0.57, indicating potential issues with company compliance.
• Investors uncertain about the company's ability to satisfy Nasdaq's request for information.

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that trading was halted today in Pingtan Marine Enterprise Ltd. (Nasdaq: PME) at 09:14:21 A.M. Eastern Time for "additional information requested" from the company at a last sale price of $0.57.

Trading will remain halted until Pingtan Marine Enterprise Ltd. has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

FAQ

Why was trading halted for Pingtan Marine Enterprise Ltd. (PME) on December 9, 2022?

Trading for Pingtan Marine Enterprise Ltd. was halted due to Nasdaq's request for additional information from the company.

What is the last sale price of Pingtan Marine Enterprise Ltd. before the trading halt?

The last sale price of Pingtan Marine Enterprise Ltd. before the trading halt was $0.57.

When will trading resume for Pingtan Marine Enterprise Ltd. (PME)?

Trading will resume for Pingtan Marine Enterprise Ltd. once the company satisfies Nasdaq's request for additional information.

What does it mean when Nasdaq requests additional information from a company?

A request for additional information from Nasdaq indicates that the company may not be in compliance with listing rules, which can affect its trading status.

What should investors do after the halt of Pingtan Marine Enterprise Ltd. (PME)?

Investors should closely monitor the news for updates on the company’s compliance with Nasdaq's request and any future trading announcements.