Why Is Advent Technologies Stock (ADN) Down 55% Today?
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Advent Technologies stock (ADN) is down 55% due to a decision to delist it for non-compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2.5 million. A trading suspension will start on Thursday, but shares will continue trading on the OTC market under the same ticker. The stock fell 57.93% in pre-market trading and has decreased 45.8% year-to-date, despite a 52.25% increase over the past year. Heavy trading activity was noted with over 636,000 shares exchanged today.
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