Green Touch Builders | NYSE warns coal company that its stock price is too low
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April 17, 2015 By SEO Admin

NYSE warns coal company that its stock price is too low

Alpha Natural Resources Inc.’s stock price has dipped below the threshold needed to maintain its listing on the New York Stock Exchange.

The Virginia-based company (NYSE:ANR), which operates the Emerald and Cumberland mines in Greene County, said Friday it has been notified by the exchange that as of April 13, the 30-day average for its stock was 99 cents. To maintain a listing, the stock needs to trade for at least $1.

The company has six months to fix the problem. Alpha said it will be filing…