Goodrich Petroleum Corp. is the latest Houston-based energy company to be warned of delisting from the New York Stock Exchange.
Both the
company's average share price and market capitalization had fallen below
the minimum requirements to be listed on the exchange over the last
30-day trading period.
The NYSE
requires that companies on its exchange maintain a $1 average trading
price per consecutive 30-day trading periods. Goodrich's stock has not closed above $1 since July 21.
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