Reported Earlier, Golden Minerals Receives NYSE Acceptance Of Plan To Regain Listing Compliance
Portfolio Pulse from Happy Mohamed
Golden Minerals Company (AUMN) has received acceptance from the NYSE American for its business plan to regain compliance with the listing standards. The company was previously non-compliant due to insufficient stockholders' equity. The NYSE has granted an 18-month cure period, during which the company's progress will be reviewed. Failure to comply by December 6, 2024, could result in delisting.
August 23, 2023 | 4:51 pm
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NEUTRAL IMPACT
Golden Minerals' acceptance by the NYSE for its compliance plan could stabilize its stock in the short term. However, the risk of delisting if compliance is not achieved by December 2024 could create uncertainty.
The acceptance of Golden Minerals' compliance plan by the NYSE could provide some short-term stability for the stock as it shows the company is taking steps to address its non-compliance issue. However, the potential for delisting if the company does not meet the compliance standards by December 2024 could create uncertainty among investors, potentially impacting the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100