Finance & Investing | Capital Markets
Abraxas Out of Nasdaq Compliance as Stock Price Falls Below $1.00
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Abraxas Petroleum Corp. received notice that it does not presently meet the NASDAQ continued listing standard which requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days.
In accordance with applicable NASDAQ procedures, the Company plans to timely notify NASDAQ that it intends to pursue actions to meet the minimum average share price requirement.
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