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NYSE suspends trading in SandRidge Energy, begins delisting proceedings


Jan 6 2016, 17:41 ET | About: SandRidge Energy, Inc. (SD) | By: Carl Surran, SA News Editor




The NYSE says it will delist SandRidge Energy (NYSE:SD) from the exchange and immediately suspend trading in SD’s common stock, determining the company is no longer suitable for listing based on abnormally low price levels.

SD closed today's trade at $0.15/share and are down more than 90% in the past year; Moody’s recently called SD a “potentially unsustainable capital structure.”

Earlier: SandRidge continues to resist call to shut wells amid earthquake concerns
http://seekingalpha.com/news/3017186-nyse-suspends-trading-in-sandridge-energy-begins-delisting-proceedings

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