JAGU’s Quiet Period 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 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 the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any 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.

JAGU Stock Performance

Shares of JAGU stock opened at $1.61 on Friday. JAGU has a 1-year low of $1.44 and a 1-year high of $5.50.

Insiders Place Their Bets

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