Charles & Colvard has again regained compliance with Nasdaq’s listing requirements, it noted in an April 25 filing with the Securities and Exchange Commission.

The filing said that a letter from Nasdaq’s Listing Qualifications Department noted that as of April 20, 2023, the company’s stock had attained the minimum bid price of $1 per share for 10 or more consecutive business days—so it’s no longer in danger of being removed from the exchange.

On Dec. 19, 2022, the lab-grown diamond and moissanite manufacturer received notice  that it was not in compliance with Nasdaq’s minimum required bid price because its price had fallen below $1 for 30 consecutive days.

This is at least the third time since 2018 Charles & Colvard has received a Nasdaq warning letter for failing to meet the $1-a-share minimum.

At press time, the company’s shares were priced at $1.02 a share.

(Photo courtesy of Charles & Colvard)

 

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