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Arcadia Resources Inc.’s (OTCQB: KADR) ticker symbol changed to KADR after the company moved to the OTCQB Marketplace for companies traded over the counter from the NYSE Amex exchange, effective today. The company informed NYSE Amex on Aug. 15 of its intention to voluntarily withdraw its common stock from listing.
The company had received notice from the NYSE Amex earlier this year that it was out of compliance with exchange listing rules because the average closing price of its common stock had been less than 20 cents per share over a consecutive 30-day trading period. The exchange had suggested a reverse stock split to regain compliance.
Arcadia’s business includes healthcare staffing, but the company has announced plans to sell that business.
Arcadia had revenue of $24.8 million in its fiscal first quarter ended June 30.