Masonglory Stock Gains, But $1 Nasdaq Listing Hurdle Still Ahead
Masonglory Limited shares eased back in pre-market trading Tuesday, after the Hong Kong construction subcontractor surged Monday but stayed under the $1 mark it needs for Nasdaq compliance. The stock finished Monday at $0.5222, a 14.77% gain, then quoted at $0.5040 by 4:49 a.m. EDT in pre-market, a quieter period before the Nasdaq session. Masonglory faces a deadline now after saying in March that it got a Nasdaq notice. Its ordinary shares had closed under $1 for 30 consecutive business days from Jan. 28 to March 11. Nasdaq gave the company until Sept. 9, 2026, to fix the issue and meet compliance. The exchange requires listed shares to trade above $1 as part of its minimum bid price rule.