Intercont (Cayman)'s (NASDAQ:NCT - Get Free Report) quiet period is set to expire on Wednesday, May 7th. Intercont (Cayman) had issued 1,500,000 shares in its initial public offering on March 28th. The total size of the offering was $10,500,000 based on an initial share price of $7.00. During Intercont (Cayman)'s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Intercont (Cayman) Trading Down 0.2 %
NASDAQ NCT traded down $0.01 on Monday, hitting $4.00. 86,838 shares of the stock were exchanged, compared to its average volume of 178,122. Intercont has a fifty-two week low of $3.56 and a fifty-two week high of $8.76.
Hedge Funds Weigh In On Intercont (Cayman)
A hedge fund recently bought a new stake in Intercont (Cayman) stock. FNY Investment Advisers LLC purchased a new position in shares of Intercont (Cayman) Ltd (NASDAQ:NCT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,704 shares of the company's stock, valued at approximately $55,000.
About Intercont (Cayman)
(
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Our Mission We aim to leave green footprints across the oceans through our maritime shipping and seaborne pulping operation. --- The Group operates its global maritime shipping services through its Shipping Subsidiaries. The Group's global maritime shipping business consists of two revenue streams, time chartering and vessel management services.
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