Thursday, December 30, 2010

Magnum Hunter Resources (MHR) approved for New York Stock Exchange (NYSE)

By Andrea:

Magnum Hunter Resources Corporation (Amex:MHR) announced today that shares of its Common Stock have been approved for listing on The New York Stock Exchange. The Common Stock will continue to trade under the ticker symbol "MHR". The Company's shares will begin trading on the NYSE sometime during the first ten trading days of January 2011.

Mr. Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter Resources Corporation, commented, "As part of our business plan to improve the liquidity and exposure of our shares to the investment community here in the United States and worldwide, which includes both institutional and retail investors, we are pleased to announce this new milestone achievement by our Company. As the world's largest equity market, The New York Stock Exchange listing achieves that goal."

This is exciting news for Magnum Hunter Resources as it will increase the company's exposure and thus increase the sale of the stock.

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