ION Geophysical Corp. (NYSE: IO) has regained compliance with the New York Stock Exchange’s continued listing standard for share prices, according to a notice the company received on Feb. 12 from the NYSE.
On Aug. 11, 2015, the company was notified by the NYSE that the average price of its common stock had declined below a consecutive 30-trading-day average price of $1 per share. As a result, the NYSE added a ".BC" indicator to the company's stock symbol.
At the close of trading on Feb. 11, the average closing price of the company's common stock for the previous 30 trading days was above $1 per share. Accordingly, the company has resumed compliance with all NYSE continued listing requirements, and the ".BC" indicator following the company's stock symbol is to be removed by the NYSE.