Finance & Investing | Capital Markets | Private Equity Activity
Cobalt Out of NYSE Compliance as Stock Dips Below $1.00 Mark
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Cobalt International Energy is no longer in compliance with certain continued listing standards that are applicable to Cobalt.
Cobalt's 30-day average closing share price as of February 27, 2017 was $0.94, in violation of the listing standard set forth in Section 802.01C of the NYSE Listed Company Manual. This standard requires the trailing 30-day average closing share price to remain above $1.00.
Cobalt has notified the NYSE that it intends to regain compliance in the near future.
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