Exchange warns Houston driller it’s at risk of delisting

Houston-based Independence Contract Drilling Inc. (NYSE: ICD) has become the latest company in Houston’s upstream energy sector to face the risk of a delisting from its public exchange.

ICD’s stock price fell below $1 per share in early October, according to data from Yahoo Finance. While the price has started to climb back toward that threshold since Oct. 24, it still hasn’t surpassed the $1 mark again. The New York Stock Exchange has a rule that requires companies to maintain a 30-day average…

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