Finance & Investing | General News | Financial Trouble | Capital Markets | Continued Listing
Chaparral Gets NYSE Warning as Stock Falls Below $1.00
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Chaparral Energy, Inc. is out of NYSE compliance due to the average closing price of the Company’s shares of common stock falling below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE.
Under the NYSE’s rules, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement.
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