PERMA-FIX EXTENDS DELISTING DEADLINE, MUST RAISE SHARE PRICES IN 180 DAYS

Perma-Fix was granted another 180 days to raise its stock value above $1.00 per share for 10 consecutive business days, or NASDAQ has said it will delist the company, according to filings with the Securities and Exchange Commission. On Dec. 4, 2012 NASDAQ sent the first notice that the company’s consistently low share value was in violation of NASDAQ market rules, and the company was given six months to raise it. Though Perma-Fix was valued at more than $1.00 for a short stretch in March, its stock has hovered between $0.65 and $0.85 for most of 2013 to date. On June 4, when the extension was granted, Perma-Fix’s shares were valued at $0.68.