The New York Stock Exchange accepted PetroQuest Energy Inc.’s (NYSE: PQ) plan to continue listing on the exchange, the company said March 21.
PetroQuest’s stock will continue listing on the exchange, provided that the required stock price trading levels are met within the six-month cure period and quarterly reviews are given to the NYSE’s listing and compliance committee.
PetroQuest said it plans to seek stockholders’ approval for a reverse stock split at the 2016 annual stockholders meeting on May 18, in order to meet the required stock price trading levels.
PetroQuest Energy, Inc. is based in Lafayette, La.
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