For the second time in a matter of months, Cary-based Dex One Corporation has received notification from the New York Stock Exchange Monday that it is in danger of being de-listed.
The average closing price of the yellow pages publisher's shares over the last 30 days of trading has fallen below the NYSE's minimum listing standard of $1 per share.
Dex has until its next annual shareholders meeting in May 2012 to meet the requirement.
In August, Dex was notified by the NYSE that its market capitalization - the total value of its outstanding stock - has fallen below the $100 million minimum for 30 consecutive days.
Dex submitted a plan last week to the NYSE detailing how it would get back in compliance. If the exchange accepts that plan, Dex would have up to 18 months to achieve compliance.
In response to this latest notification, Dex it has notified NYSE officials that it will take steps to correct the problem.
Dex, which is trying to remake itself into a digital advertising business, has suffered slumping advertising sales as the sluggish economy has diminished demand from its bread-and-butter small business customers.
Dex shares closed at 62 cents on Monday. The stock has lost 94 percent of its value over the past year.