PROVO — Raser Technologies Inc. said Wednesday it could be delisted from the New York Stock Exchange if its stock price does not rise.
The company noted that the exchange requires a minimum average closing price of $1 per share over a consecutive 30 trading-day period. The company has six months to bring that average above $1 per share. In the meantime, Raser's common stock will remain listed on the exchange.
Raser is focused on geothermal power development and technology licensing.
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