Hermitage Offshore is not out of the New York Stock Exchange's dog house quite yet.
Before Friday's opening bell, the Scorpio Group's OSV outfit announced it was served a notice by the exchange that its average 30-day market capitalisation was at $23.7m and stockholders' equity at $47.4m – both of which were below the minimum requirements of $50m.
The warning came as the company regained compliance with the exchange's minimum share price rule on 2 December.
