NASDAQ:GTEC

GTEC Trades Higher Even as $1 Rule Stays in Focus

GTEC Trades Higher Even as $1 Rule Stays in Focus

Greenland Technologies shares rose 2.5% to $0.58 Friday, still well below Nasdaq’s $1 minimum bid requirement. The company has until Sept. 8 to regain compliance or risk delisting. Q1 revenue climbed to $25.54 million and net income to $5.75 million, but EPS fell as share count increased. Most sales come from transmission products for Chinese forklift makers; its U.S. electric vehicle unit remains mostly suspended.
May 22, 2026

Stock Market Today

  • ASX 200 Rises on Miners and Banks but 8,800 Resistance Holds
    May 29, 2026, 8:37 PM EDT. The ASX 200 index ended the week higher, supported by strong gains in miners and banks alongside declining Australian bond yields. Key contributors included BHP (+2.91%), Newmont (NEM, +3.77%), Fortescue Metals (FMG, +2.43%), Rio Tinto (RIO, +2.43%), Commonwealth Bank (CBA, +2.24%), and Goodman Group (GMG, +2.92%). Miners and gold producers were the main drivers, aided by firmer copper prices and stronger bullion. However, the energy sector lagged as crude oil prices softened, and healthcare stocks like CSL and ResMed (RMD) declined. Market participants remain cautious as the index needs a weekly close above 8,800 points to confirm a sustained recovery.