JAGU’s Quiet Period Set To End on March 23rd (NYSEAMERICAN:JAGU)

JAGU’s (NYSEAMERICAN:JAGU) quiet period will expire on Monday, March 23rd. JAGU had issued 6,250,000 shares in its initial public offering on February 10th. The total size of the offering was $25,000,000 based on an initial share price of $4.00. During JAGU’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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.

JAGU Stock Down 1.2%

Shares of JAGU stock opened at $1.64 on Monday. JAGU has a 52-week low of $1.44 and a 52-week high of $5.50.

Insiders Place Their Bets

In other JAGU news, major shareholder Ltd. Isoenergy purchased 250,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 250,000 shares in the company, valued at approximately $1,000,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.