De-Listed Atlas Resources Begins OTC Trading as Titan Energy

atlas-resource-partners-logoIn July MDN reported that the New York Stock Exchange de-listed trading for shares in Atlas Resource Partners (see Atlas Resource Partners Close to Chapter 11, NYSE De-lists Units). As predicted and portended by the de-listing, the company then filed for bankruptcy (see Atlas Resource Partners Filing for Bankruptcy Tomorrow). In September, Atlas emerged from bankruptcy sporting a new name: Titan Energy (see Atlas Resources Partners Exits Bankruptcy Renamed as Titan Energy). When it emerged from bankruptcy, Titan was trading on the Pink Sheets, as a penny stock. Since that time, things have vastly improved and last week the OTC Markets Group announced that Titan (stock ticker of TTEN) has qualified and is now upgraded to trade on the OTCQX® Best Market system. That is, the stock is now trading “over the counter” with another 10,000 stocks. It has risen from penny stocks hell and, as of this morning, was trading at $23 per share…

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