RE:listing on the nyse american
geominer wrote: i think the listing requirements on the americam exhange are not as high as the nyse big board.. looking at the listing requirements i think they will have to be at a 3 dollar us price to begin trading and maintain a trading price of at least 1 dollar us. the recent drill results are very positive but this gold price slide is not helping us.. gold having broken through the 1750 level it can easily fall into the 1600 hundreds level according to some gold pundits. not what we need now.
Yeah gold is under pressure due to the rising yield on 10 year US treasuries. The next support level for gold is $1690 so hopefully it holds. Below is the only info I could find on the US listing requirements.
To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share.