Rex Energy Regains Full Compliance with Nasdaq Listing Standards
June 06 2017 - 7:30AM
Rex Energy Corporation (Nasdaq:REXX) today announced that it has
regained full compliance with the continued listing requirements
for The Nasdaq Capital Market.
On May 30 2017, Rex Energy received notice from the Nasdaq
Listing Qualifications department stating that because the
company’s closing bid price of its common shares has been at or
above $1.00 per share for 10 consecutive trading days, the company
has regained compliance with the minimum bid price requirement
under Listing Rule 5550 (a)(2) and Nasdaq now considers the matter
closed.
“We are pleased to have regained compliance with Nasdaq’s
listing requirements,” said Tom Stabley, President and CEO of Rex
Energy. “We will continue to focus on the execution of our business
plan to deliver solid growth and increase shareholder value.”
About Rex Energy Corporation
Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin. The company’s strategy is
to pursue its higher potential exploration drilling prospects while
acquiring oil and natural gas properties complementary to its
portfolio.
For more information contact:
Investor Relations
(814) 278-7130
InvestorRelations@rexenergycorp.com