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

PTL’s (NASDAQ:PTLE) quiet period is set to end on Monday, November 25th. PTL had issued 1,250,000 shares in its initial 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 that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

PTL Trading Up 15.8 %

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

PTL Company Profile

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.