Ptl Ltd’s (NASDAQ:PTLE) Quiet Period Set To Expire on November 25th

PTL’s (NASDAQ:PTLE) quiet period will expire on Monday, November 25th. PTL had issued 1,250,000 shares in its IPO on October 16th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During PTL’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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 13.2 %

Shares of PTLE opened at $3.25 on Monday. PTL has a twelve month low of $2.01 and a twelve month high of $4.80.

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.