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Comstock Resources, Inc. reported that the NSE has notified the Company that it has regained compliance with the NYSE's continued listing requirements relating to the minimum required stock price of $1.00.
The NYSE listing standards require an average market capitalization of not less than $50 million over a 30 trading day period. The Company's current market capitalization is $84.5 million (based on approximately 12.5 million shares outstanding and the closing price of $6.76 as of September 1, 2016). The Company could regain full compliance either at the end of the 18 month plan period available or based on two consecutive quarterly monitoring periods in compliance.
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