0
 

Hyperdynamics: NYSE warns over capitalisation


Issue 276 - 02 May 2014
The New York Stock Exchange (NYSE) notified Hyperdynamics on 24 April that the company had fallen below its continued listing standards. The Houston-based company’s average global market capitalisation had been less than $50m over a consecutive 30 trading-day period and its stockholders’ equity is less than $50m. The company moved to the main NYSE from the NYSE Amex exchange in July 2011 after Ray Leonard took over as president and chief executive (AE 213/15), but shareholder enthusiasm has evaporated.

Want to read more?

Small article

£4

(Access to one 100-400 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667