Premium ContentMouse over Home then click on Premium Content for information.Supertel Hospitality Inc. said Friday its rising stock price puts it back in compliance with the Nasdaq exchange's trading requirements.
The Norfolk, Neb., motel company's stock price has been over $1 a share since Feb. 2, meeting the 10-day requirement for continuing its Nasdaq listing. The price has been as low as 60 cents in the past year, prompting Nasdaq to warn last September that Supertel could be removed from the listing if the price remained low.
In January, Supertel arranged a $30 million investment from IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine investment company, that is intended to resolve financial problems. — Steve Jordon
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