Powell Max Limited’s Lock-Up Period Will Expire on March 4th (NASDAQ:PMAX)

Powell Max’s (NASDAQ:PMAX) lock-up period will expire on Tuesday, March 4th. Powell Max had issued 1,426,750 shares in its initial public offering on September 5th. The total size of the offering was $5,707,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Powell Max Trading Down 5.2 %

Shares of PMAX stock opened at $0.42 on Tuesday. The firm’s fifty day simple moving average is $1.22. Powell Max has a 1 year low of $0.34 and a 1 year high of $4.70.

Powell Max Company Profile

Powell Max Limited is a financial communications services provider. Powell Max Limited is based in JERSEY CITY, N.J.