Uranium Resources (UEC) Receives NASDAQ Notification Letter Regarding Bid Price
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Uranium Resources, Inc. (NASDAQ: URRE) announced today that it has received notice, as expected, from The NASDAQ Stock Market ("NASDAQ") stating that for 30 consecutive business days the bid price for the Company's common stock has closed below the minimum $1.00 per share as required by Marketplace Rule 5550(a)(1) for continued listing on the NASDAQ Capital Market. This notification has no effect on the listing of the Company's common stock at this time.
The January 17, 2012 letter has advised the Company that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable NASDAQ requirements. The Company will regain compliance with the minimum bid requirement if at any time before July 16, 2012 (180 calendar days), the bid price for the Company's common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.
The January 17, 2012 letter has advised the Company that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable NASDAQ requirements. The Company will regain compliance with the minimum bid requirement if at any time before July 16, 2012 (180 calendar days), the bid price for the Company's common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.
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