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.
Looks like you might be correct because there are different listing requirements. See below for details
NYSE-MKT Listing Requirements
In 2008, the NYSE acquired the AMEX, and renamed it NYSE-MKT. Micro cap and small-cap companies looking to jump out of the penny stock exchanges can take advantage of the NYSE-MKT's less stringent listing requirements. Companies can choose from three different listing and shareholder standards, which can help fledgling companies meet the listing criteria. For example, Listing Standard 2 requires the company have a shareholder’s equity of $4 million and a stock price of $3 a share, and the market value of the public float be a minimum of $15 million. There is no market capitalization requirement.
NYSE Listing Requirements
Blue chip companies like AT&T and General Electric call the NYSE home. The NYSE looks for the best financially stable companies to join the exchange. The NYSE is the premier exchange for financial, natural resources and mining companies. Over 80 percent of American companies are publicly traded on the NYSE. The NYSE offers companies four different listing standards to help them qualify for listing. For example, Listing Standard 1 requires a minimum of 1.1 million stock shares publicly held with a minimum total value of $100 million, a stock price of $4 a share and shareholder’s equity of $50 million.