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EnerJex Resources, Inc. has reported that its common and preferred stock will commence trading on the NYSE MKT on June 17, 2014.
EnerJex's common stock will trade under the symbol "ENRJ" and its non-dilutive 10% Series A Perpetual Preferred Stock will trade under the symbol "ENRJPR".
EnerJex's CEO, Robert Watson, Jr., commented, "Listing on the NYSE MKT is a significant milestone for EnerJex, and I am very pleased to share this news with all of our stakeholders. I believe this listing will expose the Company to a much broader audience of institutional and retail investors. In addition, I believe it will increase EnerJex's business development opportunities."
NYSE MKT is a fully integrated trading venue within the NYSE community and leverages the NYSE's advanced and innovative market model to offer a premier venue for listing and trading stocks of small companies. The venue utilizes the trading, connectivity and routing technologies of the NYSE platform and offers superior price discovery, superior liquidity and reduced trading volatility. Listed companies benefit from issuer-selected Designated Market Makers (DMM) that utilize world-class NYSE trading systems to discover and improve prices, dampen volatility, add liquidity and enhance value. In addition, NYSE MKT-listed companies gain access to the brand visibility and are eligible for the issuer services enjoyed by the NYSE community.
Scott Cutler, Executive Vice President, Global Listings at NYSE, commented: "We welcome EnerJex Resources to the NYSE family and look forward to a strong partnership with the Company. EnerJex will join other energy companies that benefit from NYSE's advanced and innovative market model to offer a premier venue for listing and trading their stocks."