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ap

AERT notified of below-$1 share price

AERT notified its below-$1 share price still not in compliance with Nasdaq rule

  • On 3:53 pm EDT, Tuesday October 13, 2009

SPRINGDALE, Ark. (AP) -- Nasdaq has informed Advanced Environmental Recycling Technologies Inc. that it has still not complied with an exchange rule requiring it to trade at $1 per share or more, the company said Tuesday.

The plastics recycler and manufacturer of environmentally friendly building products said it may present its views regarding the "deficiency" to a Nasdaq hearings panel, but did not say what else it might do.

Shares fell a penny, to 49 cents per share, in afternoon trading.

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