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

PTL’s (NASDAQ:PTLE) quiet period is set to 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, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

PTL Stock Performance

Shares of NASDAQ:PTLE opened at $4.84 on Monday. PTL has a 1-year low of $2.01 and a 1-year 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.