American Skiing Delists from NYSE Today
American Skiing Company, which owns the Killington and Mount Snow ski resorts in Vermont, is off the New York Stock Exchange effective today. The stock formerly traded as SKI. Now it's trading as AESK on the Over-The-Counter Bulletin Board.
The New York Stock Exchange advised American Skiing in January that it had fallen below its listing criteria because its price was under a dollar and it failed to meet market capitalization requirements.
The stock closed at 26 cents on its last day on the Stock Exchange. When American Skiing went public in 1997, the stock opened at $18 a share.