China-based Luokong Technology Crop (NASDAQ:LKCO) is one of the leaders in the big data processing and location-based services space in the country. This morning, the Luokong stock is in action and has already rallied by 10%.
While there has been no news about the company this morning, it could be a good move for investors to take a look at recent development.
On April 14, the company announced that it received a letter from NASDAQ which notified that the Luokong stock had regained compliance with regards to the exchange’s minimum bid price requirement rule.
As per the letter, the Luokong stock managed to hit a closing bid price of no less than $1 for 20 trading days consecutively up until April 8. Now that the stock has regained compliance, there is no immediate danger of the stock being delisted. Hence, it may have been the reason behind the rally in the stock this morning.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.