Ptl Ltd’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:PTLE)

PTL’s (NASDAQ:PTLE) lock-up period is set to expire on Monday, April 14th. 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. After the end of PTL’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

PTL Price Performance

PTLE opened at $1.16 on Friday. PTL has a fifty-two week low of $1.11 and a fifty-two week high of $15.78. The firm’s 50-day moving average is $1.33.

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.