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

PTL’s (NASDAQ:PTLE) lock-up period will expire on Monday, April 14th. 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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

PTL Price Performance

NASDAQ: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 price is $1.33.

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.