Abraxas Petroleum Corporation (NASDAQ:AXAS) Stock Is All Set To Gap-DOwn: Will it Recover?
Abraxas Petroleum Corporation (NASDAQ:AXAS) fell 17% pre-market following notice of delisting for failing to meet the continued NASDA listing rule. On May 11, 2021, and July 26, 2021, the Nasdaq Stock Market issued the company with notices indicating that the company was not complying with Nasdaq Listing Rule 5550(b) for continued listing. The May 11 notice indicated that as previously reported in Form 10—Q for the first quarter of 2021,…