Puhui Wealth Investment Managemnt’s (NASDAQ:PHCF) lock-up period will expire on Tuesday, June 25th. Puhui Wealth Investment Managemnt had issued 2,000,000 shares in its initial public offering on December 27th. The total size of the offering was $12,000,000 based on an initial share price of $6.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Shares of Puhui Wealth Investment Managemnt stock traded down $0.05 on Friday, reaching $2.66. The company had a trading volume of 7,500 shares, compared to its average volume of 8,142. The firm’s 50-day simple moving average is $2.80. Puhui Wealth Investment Managemnt has a 1 year low of $2.30 and a 1 year high of $6.30.
About Puhui Wealth Investment Managemnt
Puhui Wealth Investment Management Co, Ltd., through its subsidiaries, provides third-party wealth management services in the People’s Republic of China. It manages funds for individuals and corporate clients. Puhui Wealth Investment Management Co, Ltd. has a strategic cooperation agreement with YINGKE Innovation Asset Management Co, Ltd.
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