The New York Stock Exchange (NYSE) accepted Goodrich Petroleum Corp.’s (GDP) plan for continued listing on that exchange, the company said Dec. 1.
The continued listing is subject to quarterly reviews by the NYSE’s listing and compliance committee.
Goodrich was notified on Aug. 27 that its total stockholders’ equity and its common stock’s average closing price were both below compliance level of $1 over a consecutive monthlong trading period.
Goodrich now has 18 months, from Aug. 27, to regain compliance with the listing standards.
Goodrich Petroleum Corp. is based in Houston.
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