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Sanchez Receives Another NYSE Warning as Market Cap Falls Below $50MM
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Sanchez Energy Corp. has received notice from the NYSE that the company does not presently meet the additional NYSE continued listing standard due to the company's market cap being below $50 million over a period of 30 consecutive trading days.
Last month, Sanchez received its first warning from the NYSE due to its stock price being below $1.00.
The company plans to timely notify the NYSE that it intends to present a plan to meet the minimum market capitalization requirement.
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