Halcón Resources Receives Continued Listing Standard Notice from NYSE
31 Mai 2019 - 10:10PM
Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”)
today disclosed that it received notice from the New York Stock
Exchange (the “NYSE”) that the average price of its common stock
has fallen below the NYSE’s continued listing standard which
requires that the average closing price of a listed company’s
common stock not be less than $1.00 per share for a period of 30
consecutive trading days.
Under NYSE rules, the Company will regain
compliance if, during the six month period following receipt of the
NYSE notice and on the last trading day of any calendar month,
Halcón’s common stock price per share and 30 trading-day average
share price is at least $1.00. During this period, the
Company’s common stock will continue to be traded on the NYSE,
subject to compliance with other NYSE listing requirements.
Halcón intends to notify the NYSE of its intent to cure this
deficiency, to the extent it becomes necessary.
The NYSE notification does not affect the
Company’s business operations or its SEC reporting
requirements.
About Halcón
Resources
Halcón Resources Corporation is an independent
energy company engaged in the acquisition, production, exploration
and development of onshore oil and natural gas properties in the
United States.
Contact: Quentin Hicks EVP, CFO & TreasurerHalcón Resources
(303) 802-5541
Halcon Resources (NYSE:HK)
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