Trio Petroleum announced that it received a deficiency letter from the NYSE American indicating that the company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American company guide. Specifically, the Notice informed the Company that the NYSE American has determined that the shares of the Company’s common stock have been selling for a low price per share for a substantial period of time, and pursuant to Section 1003(f)(v) of the company guide, the company’s continued listing is predicated on it demonstrating sustained price improvement by no later than August 26.
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