Centrus Energy said last week it has received approval from NYSE MKT for a plan to ensure it remains listed on the stock exchange after falling out of compliance last year. “As a result, the Company’s common stock will continue to be traded on the NYSE MKT, subject to ongoing monitoring by the exchange and the Company’s compliance with all other applicable NYSE MKT requirements,” according to a Centrus press release.
NYSE MKT alerted Centrus in November that it was not adhering to the exchange’s listing standards after reporting a stockholders’ deficit as of Sept. 30, 2015, and a net loss for 2011, 2012, and 2013.
Under the plan, Centrus has until May 17 of next year to come back into compliance with NYSE MKT rules.
Centrus, formerly known as USEC, provides enriched uranium fuel for commercial nuclear power facilities worldwide. It was until March 2015 listed on the New York Stock Exchange, where the company in 2013 also faced listings compliance issues that were resolved in 2014 – the year USEC emerged from Chapter 11 bankruptcy as Centrus.