Basic Energy Services (BAS) Shares Ramp to Highs Following NYSE Listing Nod

November 21, 2016 1:45 PM EST

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Basic Energy Services (NYSE: BAS) shares are trading to session highs, up over 40 percent on the day.

Earlier, Basic Energy announced that the New York Stock Exchange ("NYSE") has accepted the Company's plan for continued listing on the NYSE. As a result, Basic's common stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE to monitor the Company's progress against the plan to restore compliance with continued listing standards.

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