Anastas Gegov

ZAZA Energy Corp (OTCMKTS:ZAZA) Crashing Horribly After Delisting

by Anastas Gegov October 7, 2015

The stock of ZAZA Energy Corp (OTCMKTS:ZAZA, ZAZA message board) has had a terrible year of sliding down the charts, losing much of its value. Back in the end of August the company was notified that its securities will be delisted from the NASDAQ national exchange, because the ticker couldn’t maintain the minimum listing price requirements.

 

We are not quite sure if the management team was just stalling as they appealed the NASDAQ Listing Qualifications Staff’s decision, but they kept on it for a month. That was until the end of last month when they withdrew their appeal request and the stock began to trade on the OTC marketplace.

 

The impact that this had on the stock’s price was not immediate, but it was quite profound. ZAZA started the first sessions for this week with a massive 35.67% loss and it fell another 29.60% yesterday. After reaching a price of $0.176 per share in yesterday’s trading the total loss that ZAZA has incurred since the beginning of this week is estimated at 54%.

 

The ticker is still trading in the red in today’s session, but the drop isn’t as significant as the previous days. Only time will tell if it will be able to stabilize or even regain some value. Just be sure to do your due diligence and weigh out the risks before putting any money on the line.

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