Shares of Great Basin Scientific, Inc. (NASDAQ:GBSN) Tank Upon Announcement

Molecular diagnostics company, Great Basin Scientific, Inc. (NASDAQ:GBSN), announced on Monday that its common stock will begin trading on the OTC Market Group’s OTCQB marketplace effective at the open of the market on October 11, 2016. The trading symbol will remain GBSN.

SALT LAKE CITY, Oct. 10, 2016 (GLOBE NEWSWIRE) — Great Basin Scientific, Inc. (GBSN), a molecular diagnostics company, announced today that its common stock will begin trading on the OTC Market Group’s OTCQB marketplace effective at the open of the market on October 11, 2016. The trading symbol will remain GBSN.

As previously announced, a Nasdaq Hearings Panel had granted the Company an extension of time to demonstrate compliance with the $35 million market value of listed securities requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b), through October 10, 2016. The Company was not able to demonstrate compliance by that date. As a result, Nasdaq advised the Company that trading in its common stock would be suspended. In view of this potentiality, the Company had previously filed an application with OTC Markets Group to have the Company’s common stock quoted for trading on the OTCQB marketplace, which was subsequently approved.

The Company will continue to file all applicable reports with the SEC subject to the requirements of the Securities Exchange Act of 1934, as amended.

 

 

Original Source

great-basin-scientific-graph

Great Basin Scientific, Inc. (NASDAQ:GBSN) shares have moved -55.5720% on the news thus far today and have traded in the range of $0.0570 – 0.1390 during the current session. In order to take a look at where the stock might be headed longer term, investors often look to research firms that cover the stock.

Are Shares of Great Basin Scientific, Inc. (NASDAQ:GBSN) Ready to Explode?  Sign up to our Newsletter to be the First to Know

Sign up to get our Free Penny Stock Picks Before the Street!

In looking at where the stock is trading on a technical level, the stock is trading -99.2876% away from its 50-day moving average of $8.4502.  Based on the most recent available data, the equity is -99.9999% off of its 52-week high of $45024.0000 and +5.6140% away from its 52-week low which is $0.0570.

Today, the stock opened at $0.1340 and the last bid at the time of writing stood at $0.0602.  During the session thus far, the equity dipped down to $0.0570 and touched $0.1390 as the high point.  Great Basin Scientific, Inc. (NASDAQ:GBSN) has a market cap of $30942.80 and has seen an average daily volume of 1205770 over the past three months.

Sign Up to Receive Breaking Alerts on Stocks That Are Primed to Make a Run in the Bar Below.

Sign up to get our Free Penny Stock Picks Before the Street!

Disclaimer: The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.  Where quoted, past performance is not indicative of future performance.

Related posts

Leave a Comment