Nasdaq offers firm a reprieve

TARPON SPRINGS -- MagneGas Corp. will say on the Nasdaq exchange after company officials stabilized share prices above $1 again.

Nasdaq had threatened to remove the Tarpon Springs alternative energy company after shares dipped below the dollar mark in late October. MagneGas was given until this month to bring its shares back to minimum standards, which it started again May 15 when prices jumped from 91 cents to $1.45 in heavy trading.

MagneGas share prices have stayed there since, thanks in part to a series of announcements talking about new customers and partners. Shares closed Thursday at $1.27. The company trades under the symbol MNGA.