Stocks Hitting 52-Week Lows

Energy XXI Ltd EXXI shares fell 68.57 percent to touch a new 52-week low of $0.205 after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes. Energy XXI added that in order to implement the terms of the RSA, it has commenced cases under Chapter 11 of the Bankruptcy Code. Great Basin Scientific Inc GBSN shares dropped 10.22 percent to reach a new 52-week low of $2.81 as the company reported the receipt of Nasdaq Staff Determination Letter.