TMD Energy Limited’s Lock-Up Period Will Expire Tomorrow (NYSEAMERICAN:TMDE)

TMD Energy’s (NYSEAMERICAN:TMDE) lock-up period will expire on Monday, October 20th. TMD Energy had issued 3,100,000 shares in its initial public offering on April 21st. The total size of the offering was $10,075,000 based on an initial share price of $3.25. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

TMD Energy Trading Down 0.8%

Shares of TMD Energy stock opened at $0.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $0.87. TMD Energy has a 12-month low of $0.67 and a 12-month high of $6.27.

About TMD Energy

We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services.