Nasdaq: TRX Needs To Break A Buck

TRX Inc. today began trading on the Nasdaq Capital Market after the Nasdaq Global Market delisted the company for failing to maintain required shareholders' equity of $10 million. Nasdaq also informed TRX last month that it no longer satisfied the requirement that it maintain a share price of at least $1--which applies to both the Capital and Global markets. As a result, TRX has until March 29 to achieve a $1 share price for a span of ten consecutive days to regain compliance with Nasdaq rules. The last time TRX shares did that was more than a year ago. TRX on Thursday announced that it raised by 10 percent its expectations for adjusted 2009 earnings before interest, taxes, depreciation and amortization, to $5.5 million. [more]