Professional Diversity Network: Doubles as trading resumes after 6 months

Professional Diversity Network

24/06/2020 12:32

** Shares of recruiting platform  IPDN.O  double to $1.86
premarket as the stock resumed trading after a halt that lasted
more than 6 months 
    ** 200,000+ shares exchange hands following resumption 
    ** On Nov. 26, IPDN said its China operations were suspended
following a seizure notice from Guangzhou city police in
connection with a criminal probe  urn:newsml:reuters.com:*:nFWN2860UV
    ** Nasdaq on the same day halted IPDN trading, first for
'news pending' and then for 'additional information', until
further info from company  urn:newsml:reuters.com:*:nFWN2860SJ
    ** IPDN said on Dec. 2 it was forming a special committee of
the board to investigate its China operations
    ** Stock has a market cap of $10 mln - Refinitiv data 

 (Reporting by Taru Jain)
 ((taru.jain@thomsonreuters.com))