Primega Group Holdings Ltd’s (NASDAQ:PGHL) Lock-Up Period To End on January 20th

Primega Group’s (NASDAQ:PGHL) lock-up period will expire on Monday, January 20th. Primega Group had issued 1,750,000 shares in its initial public offering on July 23rd. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the expiration of Primega Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Primega Group Price Performance

Shares of Primega Group stock opened at $1.19 on Monday. The company has a 50-day simple moving average of $6.95. Primega Group has a 52-week low of $1.03 and a 52-week high of $107.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.41 and a quick ratio of 1.41.

About Primega Group

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste.