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NYSE threatens de-listing of Raser Technologies

Raser Technology, Thermo No1 plant, Utah (source: Raser)
Alexander Richter 30 Apr 2010

NYSE threatens to delist Raser Technologies if its stock prices doesn't rise above US$1 per share.

Reported from the U.S., “The New York Stock Exchange is threatening to delist Utah’s Raser Technologies if its stock price doesn’t rise about $1 per share.

In a statement released this week, the company that develops low-temperature geothermal power plants noted the NYSE requires that all companies listed on the exchange maintain a minimum $1 per share price over 30 consecutive trading days.

Raser’s shares over the past 30 trading days have changed hands at an average price of 94 cents.

The company, whose all time high stock price was $38.81 on April 6, 2005, noted it has six months to bring its average price above the $1 mark. In the meantime, Raser said its shares will remain listed on the exchange.”

Source: The Salt Lake Tribune