By Denver Business Journal

BioFuel Energy Corp. on Tuesday began trading its shares on the Nasdaq Capital Market, six months after it was notified that its share price failed to meet listing requirements on the Nasdaq Global Market.

The Denver-based corn-ethanol producer continues to trade under the BIOF symbol.

BioFuel was notified in April that its share price had fallen below the minimum $1 required for Nasdaq Global Market trading.

BioFuel shares last closed over $1 in February. Shares closed at 25 cents in regular trading Tuesday.

BioFuel now has until April 16, 2012, to bring its share price over $1 or face delisting.

⿿In order to meet the $1.00 minimum bid price requirement to maintain its listing on the Nasdaq Capital Market, the company may have to effect a reverse stock split, which would require the approval of the company⿿s stockholders,⿝ BioFuel said in a securities filing Tuesday.

BioFuel says it produces 230 million gallons per year of fuel-grade ethanol.

denvernews@bizjournals.com.

Copyright 2011 American City Business Journals

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