Benitec Biopharma Ltd (BNTC)

[Minding]

Look for the stock ... yup ... to drop because the end of the quiet period is not an opportunity to buy.

Minding

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Benitec Biopharma’s (BNTC) Quiet Period To Expire on September 28th
Posted by Seth Barnet on Sep 23rd, 2015 // No Comments
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Benitec Biopharma logoBenitec Biopharma’s (NASDAQ:BNTC) quiet period is set to expire on Monday, September 28th. Benitec Biopharma had issued 1,500,000 shares in its IPO on August 18th, Market Beat reports. The total size of the offering was $13,815,000 based on an initial share price of $9.21. During Benitec Biopharma’s quiet period, underwriters and any insiders involved in 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Shares of Benitec Biopharma (NASDAQ:BNTC) traded down 10.75% during trading on Wednesday, reaching $6.56. 1,000 shares of the company’s stock were exchanged. The stock’s market capitalization is $38.01 million. The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Benitec Biopharma has a 52 week low of $6.55 and a 52 week high of $7.09.