Finance & Investing | Financial Trouble | Capital Markets
Yuma Struggling to Improve Financials Amidst NYSE Pressure
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Yuma Energy, Inc. has received notice from the NYSE that it is out of compliance with the exchange's listing requirements.
Specifically, Yuma is not in compliance with a stockholders’ equity of less than $6 million as of March 31, 2019 and reported losses from continuing operations and/or net losses in its five most recent fiscal years.
This is in addition to the company's stock being traded at too low a price for an extended period of time. Additionally, the company could be subject to immediate de-listing should the stock price decline to $0.06 per share.
Yuma must demonstrate an improved share price or effect a reverse stock split of its common stock by no later than July 4, 2019, in order to maintain the listing of the Company’s common stock on the Exchange.
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