Pineapple Financial Inc.’s Lock-Up Period To Expire Tomorrow (NYSEAMERICAN:PAPL)

Pineapple Financial’s (NYSEAMERICAN:PAPL) lock-up period will expire on Monday, April 29th. Pineapple Financial had issued 875,000 shares in its initial public offering on November 1st. The total size of the offering was $3,500,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Pineapple Financial Stock Performance

Shares of NYSEAMERICAN:PAPL opened at $1.33 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.03. Pineapple Financial has a 12-month low of $1.20 and a 12-month high of $4.25.

About Pineapple Financial

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.