Finance & Investing | General News | Capital Markets | Continued Listing
Unit Corp. Out of NYSE Compliance Due to Low Stock Price
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Unit Corp. has been notified by the NYSE that the average closing price of the Company's shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE.
The Company has six months following receipt of the notification to regain compliance with the minimum share price requirement.
The Company will be notifying the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements.
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