News Watch-List: Yuma Energy, Inc. (NYSE American: YUMA)

Yuma Energy, Inc. (NYSE American: YUMA) stock identified change of 55.92% away from 52-week low price and recently located move of -78.38% off 52-week high price. It has market worth of $3.11M . YUMA stock has been recorded -14.30% away from 50 day moving average and -25.39% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.80% off 20-day moving average.

Yuma Energy, Inc. (NYSE American: YUMA) (“Yuma,”  the “Company,” “we” or “our”) today announced that on August 30, 2019, the NYSE American LLC (the “Exchange”) accepted the Company’s recently submitted plan to regain compliance with the continued listing standards of the Exchange (the “Plan”).  The Plan is in response to both compliance notices issued by the NYSE American which the Company previously announced on June 20, 2019 and on August 28, 2019.

The Company now has until December 17, 2020 to regain compliance with the Exchange’s continued listing standards as set forth in Section 1003(a)(ii) and (iii) of the NYSE American Company Guide since it reported shareholders’ equity of $2.4 million on June 30, 2019, which is below the minimum standard of $4 million, and reported losses from continuing operations and/or net losses in its five most recent fiscal years.

At or before December 17, 2020, the Company must either be in compliance or must have made progress that is consistent with the Plan during that period.  In order to maintain its listing on the Exchange, the Exchange has requested that the Company provide quarterly updates to the Exchange concurrent with its interim and annual Securities and Exchange Commission (“SEC”) filings.  Failure to meet the requirements to regain compliance could result in the initiation of delisting proceedings.

“We are pleased to have received the Plan acceptance from the Exchange and look forward to the opportunity to demonstrate our ability to execute on our strategic restructuring initiatives,” said Anthony C. Schnur, Yuma’s Chief Restructuring Officer and Interim Chief Executive Officer.  “As we have previously disclosed, Yuma’s management has recognized the need to engage in financing transactions or other strategic alternatives to address the Company’s financial requirements and is currently involved in restructuring discussions.  We are continuing to work with Seaport Global Securities LLC, an investment banking firm, to advise the Company on various strategic alternatives.’

 The Basic Materials sector company, Yuma Energy noticed change of 0.53% to $1.91 along volume of 166825 shares in recent session compared to an average volume of 636.64K. The stock observed return of -13.18% in 5 days trading activity. The stock was at 23.23% over one month performance. YUMA’s shares are at -42.33% for the quarter and driving a -55.26% return over the course of the past year and is now at -15.11% since this point in 2018.   The average volatility for the week at 12.05% and for month was at 22.03%. There are 1.63M shares outstanding and 1.21M shares are floated in market. Right now the stock beta is 1.88.  

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