metalCORP’s (CVE:MTC) quiet period is set to expire on Monday, February 18th. metalCORP had issued 1,800,000 shares in its IPO on January 8th. The total size of the offering was $7,200,000 based on an initial share price of $4.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates 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.
Shares of metalCORP stock opened at C$0.02 on Monday. The company has a market capitalization of $1.89 million and a P/E ratio of -5.00. metalCORP has a 52 week low of C$0.01 and a 52 week high of C$0.03.
metalCORP Company Profile
MetalCorp Limited, a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwestern Ontario region of Canada. It explores for gold, copper, zinc, silver, molybdenum, rhenium, platinum, and diamond resources. MetalCorp Limited was founded in 2002 and is based in Thunder Bay, Canada.
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