24/7 Market News Snapshot 26 Jul 2024 – WEBUY GLOBAL LTD. Ordinary Shares (NASDAQ: WBUY)

July 26, 2024 7:54

Press Release

DENVER, Colo., 26 July, 2024 (247marketnews.com) – (Nasdaq:WBUY) are discussed in this article.
Webuy Global Ltd. (WBUY) Ordinary Shares are witnessing a remarkable surge, trading at $0.169 in pre-market, marking a substantial 17.70% increase from the previous day’s close at $0.144. The current trading volume stands at 5.4M shares, reflecting a positive market sentiment as investors anticipate further growth potential amidst the upward momentum. Technical analysis suggests a robust buying trend for WBUY, hinting at a potential breakout in the near future. This presents a favorable opportunity for investors seeking to leverage this optimistic trend.

Furthermore, in response to Nasdaq’s notification of non-compliance with the Minimum Bid Price Rule, Webuy Global Ltd. has been granted an extension of 180 days to meet the minimum bid price requirement of $1.00 per share. The new deadline has been extended to January 21, 2025, highlighting the company’s proactive approach to align with Nasdaq’s listing regulations and uphold transparency and compliance in the capital market.

This extension underscores Webuy Global Ltd.’s commitment to meeting Nasdaq’s listing criteria and maintaining stringent corporate governance standards. The company remains focused on its strategic initiatives and operational efficiency to ensure long-term success and sustained market presence. Shareholders and the investment community will receive timely updates on Webuy Global Ltd.’s progress towards achieving compliance with the Nasdaq minimum bid price rule, underscoring the company’s dedication to regulatory adherence and enhancing shareholder value.

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