Hermitage Offshore Services Ltd. (NYSE:PSV) Receives Continued Listing Notices from NYSE
Hermitage Offshore Services Ltd. Ordinary Shares (Bermuda) (PSV)
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that on November 8, 2019 it received notice from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common shares had fallen below $1.00 per share over a consecutive 30 trading-day period. On December 2, 2019, the Company received further notice from the NYSE that the Company had regained compliance with the $1.00 continued listing criterion as its stock price was above the NYSE’s minimum $1.00 requirement based on a 30-trading day average as of November 29, 2019. On December 2, 2019, the NYSE also gave notice to the Company that it is not in compliance with the NYSE’s continued listing standards because the Company’s average market capitalization over a 30-trading day period and stockholders’ equity were each below the NYSE’s $50 million minim
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