ION regains compliance with NYSE minimum share price listing requirements

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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...