Why Is ARTL Stock Soaring Pre-Market Today?

Artelo Biosciences Inc. (ARTL) shares soared more than 21% in Tuesday’s pre-market trade after the company announced that it has regained compliance with Nasdaq’s listing requirements.

Artelo stated that the Nasdaq sent a letter confirming the company is in compliance with the exchange’s rule requiring a minimum of $2.5 million in stockholders’ equity and another rule requiring an annual shareholders’ meeting.

The company stated that, in accordance with Nasdaq’s listing rules, Artelo will be subject to a mandatory panel monitor for a period of one year from the date of this letter.

Retail sentiment on Stocktwits around Artelo Biosciences trended in the ‘bearish’ territory at the time of writing.

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