Finance & Investing | General News | Capital Markets | Continued Listing
Laredo Petroleum Out of NYSE Compliance
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Laredo Petroleum Inc. received notice from the NYSE that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE.
Laredo intends to notify the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements within the six-month cure period. During the cure period, Laredo's shares of common stock will continue to trade on the NYSE, subject to compliance with other continued listing requirements.
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