Exchange warns Houston frack sand co. of delisting

Houston-based Hi-Crush Inc. (NYSE: HCR) has seen its stock price plunge from upward of $10 per share in the first three quarters of 2018 to below $1 per share in the past month, triggering a warning from its stock exchange that it has fallen outside listing standards.

The New York Stock Exchange sent Hi-Crush a letter on Dec. 11 warning the company that its 30-day average stock price had fallen below $1 per share, the minimum price for continued listing on the exchange, according to a Dec. 16 filing…

share:

more energy news

Send Us A Message