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Stock impact report

Civeo Receives Continued Listing Standard Notice from NYSE

Civeo Corporation (Canada) Common Shares (CVEO) 
Last civeo corporation (canada) common shares earnings: 10/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.civeo.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that on November 27, 2019, Civeo was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of its common shares over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.In response to the letter, Bradley J. Dodson, Civeo’s President and Chief Executive Officer, stated, “Oil prices have fallen since early summer due to continued demand growth volatility and fear of a global economic slowdown, creating increased pressure on energy capital markets, particularly for small-cap companies with operations in the U.S. and Canada such as Civeo. Our shares have traded below $1.00 per share for a period of time long enough for the NYSE to issue a non-compliance notice. In response, the Company’s Board of Directors is reviewing all a Show less Read more
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