DENVER BUSINESS JOURNAL — A few months ago, Gevo Inc. was in danger of getting kicked off the Nasdaq stock exchange for not meeting the exchange's $1-per-share price requirement.
Earlier this month, the alternative fuels company enacted a 1-for-20 reverse stock split to boost its shares higher.
On Friday, shares in Gevo (Nasdaq: GEVO) closed at $3.51.
On Monday, they hit as high as $21 before sliding back down to close at $12.70. That's more than a 480 percent increase in just a few days.
What happened?
Read more at the Denver Business Journal: https://bit.ly/2I2bQDC
