Lilis Energy, Inc. (OTCQB: LLEX) is engaged as an independent oil & gas company, which operates across the United States. The company holds presence in Permian Basin and Denver-Julesburg Basin. Shares of the energy company are climbing 20.90%, through afternoon trading on Friday, March 10, 2017. Over the past three months, Lilis Energy, Inc. has seen average daily volume of 39,348 shares. However, volume of 84,737 shares or dollar volume of $334,711, has already exchanged hands Friday.
Shares of Lilis Energy, Inc. are climbing Friday, after the company announced that it is uplisting to the Nasdaq Capital Market exchange. The company will keep the same ticker symbol and will begin trading on the new exchange on March 14, 2017. Here is the full press release detailing of the uplisting:
Lilis Energy, Inc. Press Release:
SAN ANTONIO, March 10, 2017 /PRNewswire/ — Lilis Energy, Inc. (LLEX) today announced that its common stock has been approved to begin trading on The Nasdaq Capital Market (“NASDAQ”). The Company expects its common stock will continue trading under its existing symbol “LLEX” at the open of trading on March 14, 2017.
“Our listing on NASDAQ is a major corporate milestone for our company and a testament to the significant turnaround we have made over the past year,” stated Avi Mirman, CEO. “We believe that listing on NASDAQ will help broaden our shareholder base, increase our appeal to institutional investors, provide us with better liquidity, and ultimately contribute to increasing shareholder value. We look forward to our uplisting and are excited about the next chapter of our company’s development.”
About Lilis Energy, Inc.
Lilis Energy, Inc. is a San Antonio-based independent oil and gas exploration and production company that operates in the Permian’s Delaware Basin and in the Denver-Julesburg (DJ) Basin, considered amongst the leading resource plays in North America. Lilis Energy’s primary business objective is to increase our Delaware Basin leasehold position, reserves, production and cash flows at attractive rates of return on invested capital in order to enhance shareholder value. For more information, please contact CORE IR: (516) 222-2560 or visit www.lilisenergy.com.