RapNet


Rapaport News

 

Mining

 

高級搜尋
最新文章
視訊
功能
新聞
挖掘
原石市場
拋光市場
製造
零售

Mountain Province Faces Nasdaq Delisting

Miner has until February 10 to lift its stock price to $1.
Aug 14, 2019 8:53 AM   By Rapaport News
Print 列印 Facebook Facebook Twitter Twitter 共用 Share


RAPAPORT... Mountain Province has been given six months to raise its share price or it will no longer be eligible to list on the Nasdaq stock exchange, it said Tuesday.

The Canada-based miner’s stock is currently valued at $0.97, below the minimum bid price of $1 per share required for maintaining a spot on the exchange. It received the warning because its price had fallen below that level for more than 30 consecutive business days.

In its compliance notice, Nasdaq granted Mountain Province until February 10 to reach that threshold, Mountain Province explained. Once that level is achieved, it must be maintained for 10 consecutive trading days in order to be considered effective. If the miner fails to achieve compliance within the six-month period, or if its price should not hold for 10 consecutive days once it reaches the $1 mark, it may apply for additional time to regain compliance with Nasdaq’s listing rules.

Mountain Province’s stock fell from $1.11 per share on June 26 amid ongoing challenges in the market, including an oversupply in the midstream, tightened credit to Indian manufacturers, and a slowdown in the market caused by the US-China trade war.

The Nasdaq notice does not affect the company’s listing on the Toronto Stock Exchange, the miner noted.

Mountain Province owns 49% of the Gahcho Kué mine in Canada, with the remainder held by De Beers.

Image: The Gahcho Kué mine. (Mountain Province)
Tags: De Beers, Gahcho Kué, mountain province, nasdaq, Nasdaq stock exchange, Rapaport News, Toronto Stock Exchange
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



電洽: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    私隱政策  
  
twitter twitter
關於 Rapaport
廣告業務