Partly because of that low stock price, Graymark will leave the Nasdaq Stock Market this week. Nasdaq will delist the stock for failing to maintain minimum pricing requirements and for the company's inability to reach a minimum level of shareholders' equity.
The company, which operates sleep diagnosis centers, expects the shares will continue trading in the over-the-counter market. We wish them well, and hope someday GRMH returns to a major exchange.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.