CIVEO regains status on NYSE


Mancamp builder Civeo Corporation announced it has regained compliance with the New York Stock Exchange.

The company, with headquarters in Houston, Texas and Canada said it was notified on Wednesday by the Exchange. Civeo was notified in March that its shares had fallen below the continued listing standard and failed to keep a minimum average closing price of $1 a share over a 30-consecutive trading day period.

Civeo regained compliance after its average closing price for the 30 trading days ended November 30, 2020 and its closing price on November 30, 2020 both exceeded $1.00 per share.

Civeo had offices in Oklahoma but laid off workers as the COVID-19 pandemic struck the state’s oil and gas industry.

Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange.

Source: BusinessWire

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