Republic Power Group (RPGL) Stock Surges Nearly 34% After Hours: Why is it Moving? - Republic Power Group

Republic Power Group (RPGL) stock surged nearly 34% after hours Wednesday after the company said it resolved a Nasdaq listing compliance issue. Shares jumped 34.83% to $2.40 following the announcement, reversing an intraday decline of 3.26% that had left the stock at a $1.78 close. The Singapore-based IT holding firm said Nasdaq Stock Market LLC notified it on Jun. 30 that it regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), and that Nasdaq has closed the matter. RPGL had received a delinquency notice in January. The move comes amid weak long-term trading signals, with a market cap of $1.93 million and a 52-week range of $1.76 to $4.152.