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NYSE cuts off Atlas Resource Partners as units stay below $1

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NYSE cuts off Atlas Resource Partners as units stay below $1

TheNYSE took action to delist AtlasResource Partners LP's common stock, which has failed to remedy itsnoncompliance with the continued listing standard of a $1 closing unit pricefor 30 consecutive trading days.

Tradingwas halted for Atlas' common units shortly after the closing bell July 12 withthe units at 32 cents. In January, the NYSE notified Atlas of its noncompliance and said thepartnership was required to have a $1 closing price on both the last tradingday of any calendar month within the six-month cure period and have an averageunit price of at least $1 over the 30 trading days before the end of that month.

Thepartnership's class D and E preferred units were also suspended from trading,the NYSE said in a bulletin on its website.