Yeah, that sounds about right per AMEX requirements.
And BAA closed the year at $.20 just up from being under.
GDXJ requirements may be all different now considering van eck's over subscribed etf woes and subsequent etf rebalancing.
Old listing requirements as posted at siliconinvestor.com, and at Seeking Alpha. You are correct, $150 Million to get listed. Market cap can drop to just over $75 Million, and under gets the boot.
Again, not sure if still current with gdxj changes, as hard to find at van eck's gdxj website.
Constituent stocks for the Junior Gold Miners Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Junior Gold Miners Index. Stocks whose market capitalization falls below $75 million as of any rebalancing date will no longer be eligible for the Junior Gold Miners Index. Stocks must have a three-month average daily trading volume of at least $1 million to be eligible for the Junior Gold Miners Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months. Only shares that trade on a recognized domestic or international stock exchange may qualify (e.g., National Stock Market stocks must be “reported securities” under Rule 11Aa3-1 of the Exchange Act. Similar criteria and standards apply to stocks with foreign listings).
