Canadian diamond miner Mountain Province is no longer complying with the minimum bid price requirement of the Nasdaq and has until February 10 to regain compliance with the stock exchange’s listing rules.
Based on the closing bid price for the last 30 consecutive business days from June 28 to August 12, the 49%-participant in the Gahcho Kué mine in Canada is not in compliance with the minimum bid price of $1 a share.