NYSE Warns Wyoming Coal Producer it Could be Delisted
CASPER, WY. (AP) — A Wyoming coal producer has been warned that it could be delisted from the New York Stock Exchange if its weak stock performance continues.
The Casper Star-Tribune reports the NYSE notified Gillette-based Cloud Peak Energy that it had six months to remedy its low stock price or it would be delisted.
The company’s common stock has been trading under $1 per share at the close of the market for 30 days in a row. Its stock was trading at 35 cents Thursday.
The company did not respond to the newspaper’s request for comment.
Cloud Peak Energy operates the Antelope and Cordero Rojo mines in Wyoming and the Spring Creek mine in Montana.
As of September, it employed about 850 miners in Wyoming.
Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com