North Coast Energy Approved for Listing on Nasdaq National Stock Market.Business Editors TWINSBURG, Ohio--(BUSINESS WIRE)--May 1, 2003 North Coast Energy, Inc. (Nasdaq:NCEB NCEB NATO Communications-Electronics Board ) today announced that the company has been approved for listing on the Nasdaq National Stock Market under the symbol NCEB. Trading on the Nasdaq National Market will begin on Monday Monday: see week. , May 5, 2003. Previously the company's common stock traded on the Nasdaq Small Cap Market. Commenting on the listing, Gordon Gordon, river in W Tasmania, Australia, 125 mi (200 km) long. Flowing from mountains to the W coast, its main tributaries are the Franklin and Denison from the N, and Serpentine and Olga to the S. O. Yonel, President and Chief Executive Officer said, "Moving to the Nasdaq National Market is further evidence of the growth and maturity of the company. From April 1999 through December 2002 we grew earnings per share at an average annual rate of 44%. During that same period the book value of assets increased from $44 million to $152 million. Our market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. rose from $18 million on April 1, 1999 to $103 million at yesterday's close, and we believe that moving to the Nasdaq National Market will further enhance the liquidity of the company's common stock. North Coast Energy, Inc. is an independent gas and oil exploration and production company headquartered in Twinsburg, Ohio Twinsburg is a city in Summit County, Ohio, United States, a suburban city about halfway between Akron and Cleveland. The population was 17,006 at the 2000 census. Geography Twinsburg is located at (41.324122, -81. . The company's primary focus is the exploration for, and development and efficient production of, natural gas reserves in the Appalachian Basin. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion