Ptl Ltd’s Quiet Period To End Tomorrow (NASDAQ:PTLE)

PTL’s (NASDAQ:PTLE) quiet period will expire on Monday, November 25th. PTL had issued 1,250,000 shares in its public offering on October 16th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

PTL Stock Up 15.8 %

PTLE opened at $4.84 on Friday. PTL has a 12-month low of $2.01 and a 12-month high of $5.50.

About PTL

PTL Limited is an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels and chemical tankers principally serving the Asia Pacific market. PTL Limited is based in Hong Kong.