Turquoise Hill Resources gets Nasdaq non-compliance notice

|About: Turquoise Hill Resources Ltd. (TRQ)|By:, SA News Editor

Turquoise Hill Resources (NYSE:TRQ) says it received a non-compliance notice from Nasdaq Stock Market because its shares have failed to maintain a minimum bid price of $1.00/share for a period of 30 consecutive business days.

TRQ shares must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive trading days to regain compliance; the company has 180 calendar days to do so.

TRQ says it plans to pursue measures to cure the share price non-compliance.

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