shares of locafy traded at had more than 1400 times their 65day average volume skyrocketing following news of an agreement with a media company and then pulling back after the search engine marketing company reported a nasdaq listing determination the stock was recently up 12 to 785 volume was more than 31 million shares compared with a 65day average of 2196 the intraday price ranged from 692 to 1679 with the peak setting a 52week high locafy said an unnamed usbased diversified media company will sell its keystone technology which can drive websites from having negligible online presences to consistently ranking on page 1 of search results on a national scale for relevant highvalue keywords the technology also helps combat artificial intelligencegenerated content the company said it was notified by nasdaq that it is subject to delisting unless it requested a hearing locafy said it will request a hearing the company isnt compliant with nasdaqs minimum stockholders equity requirement of at least 25 million and didnt meet alternative compliance standards after locafy submitted a plan and supporting documentation to regain compliance nasdaq staff determined the company didnt provide definitive agreements or sales contracts in support of its financial projections as related to costcutting measures locafy said