Finance & Investing | General News | Financial Trouble | Capital Markets
Ultra's Stock Delisted from Nasdaq; Nixes Plan for Reverse Stock Split
Email
Print 
Bookmark
Ultra Petroleum Corp. reported that the Nasdaq market has initiated proceedings to delist the Company's common stock, effective August 8, 2019, as a result of the Company not regaining compliance with the $1.00 per share minimum bid price requirement.
The Company expects that its common stock will begin to trade on OTCQX beginning August 8, 2019 and expects to trade under the symbol "UPLC."
After consideration of multiple factors, the Company's board of directors determined that attempting to regain compliance with Nasdaq's continued listing requirement be effecting a reverse stock split would not be in the best interest of the Company at this time.
Related Categories :
Finance & Investing
More Finance & Investing News
-
Baytex Energy Corp. First Quarter 2023 Results
-
Silverbow Resources Board Adopts 'Poison Pill' Strategy
-
Bonterra Energy Second Quarter 2022 Results
-
Range Resources Second Quarter 2022 Results
-
Liberty Energy Inc. Second Quarter 2022 Results
Northeast - Appalachia News >>>
-
Oilfield Services Talk What To Expect In Remainder of 2024 -
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
-
Devon Said To be In Talks to Acquire Enerplus
-
Chevron To Cut D&C Activity in U.S. Shale In 2024; Here is Where. -
