West Enclave Merger Corp.’s Lock-Up Period To Expire on October 27th (NYSE:WENC)

West Enclave Merger’s (NYSE:WENC) lock-up period is set to expire on Tuesday, October 27th. West Enclave Merger had issued 10,000,000 shares in its IPO on April 30th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of West Enclave Merger in a research note on Thursday, August 13th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

West Enclave Merger Trading Up 0.1%

WENC opened at $10.03 on Friday. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.50. West Enclave Merger has a one year low of $9.86 and a one year high of $10.05. The firm has a 50-day simple moving average of $10.01.

West Enclave Merger Company Profile

West Enclave Merger Corp. is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. West Enclave Merger Corp. is based in Mexico.