Amplify Energy Regains Compliance with NYSE Minimum Price Listing Standard
Amplify Energy Corp. (NYSE: AMPY) announced on June 2, 2020, that it has regained compliance with the New York Stock Exchange's continued listing standards.
Sentiment and the balance of points
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Rhea-AI Summary
Amplify Energy Corp. (NYSE: AMPY) announced on June 2, 2020, that it has regained compliance with the New York Stock Exchange's continued listing standards. The company had previously received a notification on April 20, 2020, indicating it had fallen below the minimum average closing price of $1.00 per share. Amplify's average closing price exceeded this threshold for the 30 trading days ending May 29, 2020, and the compliance indicator has been removed from its shares.
Positive
- Regained compliance with NYSE listing standards.
- Average closing price exceeded $1.00, removing compliance indicator.
Negative
- None.
Details
News Market Reaction – AMPY
The recorded move for AMPY in the trading session of this news was +31.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, June 03, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on June 2, 2020, Amplify was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the NYSE's continued listing standards.
On April 20, 2020, Amplify received notification from the NYSE that the Company had fallen below the continued listing standard to maintain a minimum average closing price of
Amplify regained compliance after its average closing price for the 30 trading days ended May 29, 2020 and its closing price on May 29, 2020 both exceeded
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies, offshore California, East Texas / North Louisiana and South Texas. For more information, visit www.amplifyenergy.com.
Investor Relations Contacts
Martyn Willsher – Interim CEO & CFO
(832) 219-9047
martyn.willsher@amplifyenergy.com
Eric Chang – Treasurer
(832) 219-9024
eric.chang@amplifyenergy.com
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