Pacific Ethanol Inc. said Wednesday that it has met requirements that allow it to remain listed on the Nasdaq stock exchange.
The Sacramento, Calif., ethanol maker was warned earlier this year by Nasdaq that it didn't meet the market's minimum $1 per share closing price. Pacific Ethanol says Nasdaq has since deemed it in compliance after the company's stock held above a dollar for 10 consecutive trading days.
Shares fell 3 cents, or 2.6 percent, to $1.12 in morning trading.
