Vaalco Energy stock returns to compliance with NYSE standards
Houston-based oil and gas company Vaalco Energy has regained compliance with the NYSE continued listing standards following a listing warning from the end of April 2020.
Vaalco was notified in late April by the NYSE that the price of the company’s common stock had fallen below the NYSE’s continued listing standards.
The standard requires that the average closing price of a listed company’s common stock is not less than $1.00 per share for a period of over 30 consecutive trading days.
The company was given until the end of the year to regain compliance.
In an update on Wednesday, Vaalco said it had regained the compliance with the listing standard.
Vaalco is now in compliance with this requirement and the company’s common stock continues to trade without interruption on both the NYSE and LSE.