Powerbridge Technologies (NASDAQ:PBTS) Sees Buying Interest: What to do Now?

Powerbridge Technologies (NASDAQ:PBTS) gained 8%, and in the past month, the stock was up 38% in a month. Recently, the company announced that the NASDAQ Stock market had given it a Notice notifying it of non-compliance with filing requirements.

As a result, the company failed to file Form 20-f for the financial year ended December 31, 2020, with the SEC as per the due date on April 30, 2021. As a result, the company is not compliant with the required filing requirement for its to continue listing as per NASDAQ listing rule 52509(c)(1).

However, the notice doesn’t have any immediate effect on PBTS listing or trading of its shares. The Nasdaq has given the company 60 days up to July 19, 2021, to develop a plan of regaining compliance. Notably, if Nasdaq accepts the plan, they will give the company around 180 days from the stated due date to be compliant. The company is planning to submit its compliance plan to Nasdaq by July 19, 2021. So, PBTS is a stock to watch.

Market Reaction:

On Tuesday, PBTS stock moved up 7.43% at $2.17 with more than 7.54 million shares, compared to its average volume of 2.43 million shares. The stock had moved within a range of $2.0701 – 2.7500 after opening the trade at $2.12. Over the past 52-week, the stock has been trading within a range of $1.0700 – 9.6500.