Business

Eye Catching Stock: China Lending Corporationm (NASDAQ:CLDC)

China Lending Corporationm (NASDAQ:CLDC) changed 0.00% to recent value of $0.38. The stock transacted 0 shares during most recent day however it has an average volume of 102.86K shares. It spotted trading -86.23% off 52-week high price. On the other end, the stock has been noted 4.94% away from the low price over the last 52-weeks.

 On Sept. 06, 2019, China Lending Corporationm (NASDAQ:CLDC)  was released by The Nasdaq Stock Market (Nasdaq) that the Nasdaq Hearings Panel denied the Company’s recent appeal and determined to delist the Company’s common shares from Nasdaq. The decision to delist the Company’s common shares was reached as a result of the Company’s inability to regain compliance with the continued listing requirement of a minimum of $2.5 million in stockholders’ equity, as set forth in Nasdaq Listing Rule 5550(b)(1). Accordingly, it is expected that the trading of the Company’s common shares on NASDAQ will cease at the opening of business on September 6, 2019. Subsequently, NASDAQ will file a Form 25-NSE with the Securities and Exchange Commission to effect the removal of the Company’s securities from listing and registration on the Nasdaq Capital Market.

The Company anticipates that its securities will be quoted on the OTC Pink Open Market (the Pink Sheets), a centralized electronic quotation service for over-the-counter ‎securities, following the NASDAQ delisting; the trading symbol for the Company’s securities will remain unchanged. Such quotation will continue so long as market makers demonstrate an interest in trading in the Company’s common ‎shares; however, the Company can give no assurance that trading in its common shares will continue on ‎the Pink Sheets or any other securities exchange or quotation medium.‎ Further, trading of the Company’s common shares on the Pink Sheets may be restricted depending on the jurisdiction in which potential purchasers or sellers of shares reside.

The Company will remain a reporting company under the Securities Exchange Act of 1934 and continue to be subject to the public reporting requirements of the Securities and Exchange Commission.

 CLDC has a gross margin of -37.40%.Its earnings per share (EPS) expected to touch remained -21.60% for this year.

 The company has 26.94M of outstanding shares and 7.81M shares were floated in the market.  The price moved ahead of -31.17% from the mean of 20 days, -50.02% from mean of 50 days SMA and performed -62.76% from mean of 200 days price. Company’s performance for the week was -13.99%, -52.26% for month and YTD performance remained -59.14%.

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