Nasdaq: Fitell receives noncompliance notification from Nasdaq

Fitell ( FTEL ) announced it has received a letter from Nasdaq, notifying the company that for the last 30 consecutive business days the closing bid price of the company's ordinary shares was below $1.00 per share, which is the minimum closing bid price required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >>