Pineapple Financial Inc.’s Lock-Up Period To Expire Tomorrow (NYSEAMERICAN:PAPL)

Pineapple Financial’s (NYSEAMERICAN:PAPL) lock-up period is set to expire on Monday, April 29th. Pineapple Financial had issued 875,000 shares in its IPO on November 1st. The total size of the offering was $3,500,000 based on an initial share price of $4.00. After the end of Pineapple Financial’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Pineapple Financial Stock Up 0.8 %

Shares of PAPL opened at $1.33 on Friday. Pineapple Financial has a 12 month low of $1.20 and a 12 month high of $4.25. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.30.

Pineapple Financial Company Profile

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.