PurchasePro, a Las Vegas technology company, said its stock moved from the Nasdaq National Market to the Nasdaq SmallCap Market effective today.
The company was notified March 6 it faced removal from the National Market because its stock closed under $1 for 30 consecutive days. Company measures -- including a 1-for-5 reverse stock split -- have failed to keep the stock above $1.
The stock traded this morning at 32 cents, off 7 cents from Friday.
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