NEWRY – American Skiing Co., which was removed from the New York Stock Exchange, began trading Thursday on the National Association of Securities Dealers’ over-the-counter bulletin board.
The stock once known as SKI closed at 26 cents, down 48 percent for the year, when it completed trading Wednesday on the New York Stock Exchange. It began trading as AESK Thursday morning.
The NYSE advised American Skiing in January that it was being removed because it had fallen below its listing criteria. The stock’s price was less than a dollar for more than 30 consecutive trading days and the company failed to meet market capitalization requirements.