Yesterday, A-Power Energy Generation Systems, Ltd. (PINK:APWR) pushed forward 205.26% to $0.87 per share. The total generated volume exceeded 1.6 million shares.
The obvious excitement of the market towards APWR stock was produced by a press releases published yesterday. The publishing concerned the company’s status on the NASDAQ stock exchange.
Specifically speaking, APWR announced that the NASDAQ Listing Qualifications panel had decided not to continue with the delisting of the company’s common shares from the Nasdaq Stock market LLC.
However, APWR had received a deadline until December 31, 2011 to file its annual report for the year ended December 31, 2010 with the SEC.
The press release stated that the Panel would review the delisting once again, however, AWPR admits there is no assurance that the company will be able to comply with the Panel’s terms and requirements for continued listing on NASDAQ.
Nevertheless, the market had obviously acclaimed the published news which was reflected by the price and volume explosion of AWPR stock. In this respect, it seems that the company’s commitment to the re-listing process will have a strong influence on the share price in the future.
