Hyperdynamics warned of NYSE axe

Exit warning: Wall Street mainboard listing may be on way out for Hyperdynamics

Hyperdynamics faces being turfed out of New York’s main bourse after the US explorer was slapped with a warning over its continued weak share price.

The Texas-based outfit been given six months to turn things around and has less than a week left to inform the NYSE what it intends to rescue its share value.

West Africa-focused Hyperdynamics revealed on Friday that it had received a notice from the NYSE on 14 May station that “it did not satisfy one of the NYSE's standards for continued listing applicable to[its] common stock”.

Hyperdynamics was adjudged to be “below criteria” for the bourse’s price criteria as its share price sat at below $1.00 a piece over a consecutive 30-day period.

“Under…

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