IMC Rare Earths Ltd’s Quiet Period Set To Expire on September 7th (NYSEAMERICAN:IMC)

IMC Rare Earths’ (NYSEAMERICAN:IMC) quiet period is set to expire on Monday, September 7th. IMC Rare Earths had issued 4,000,000 shares in its initial public offering on July 29th. The total size of the offering was $20,000,000 based on an initial share price of $5.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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.

IMC Rare Earths Trading Down 12.4%

Shares of NYSEAMERICAN:IMC opened at $8.58 on Wednesday. IMC Rare Earths has a 12-month low of $4.51 and a 12-month high of $11.84.

About IMC Rare Earths

IMC Rare Earths Ltd is a mineral exploration and development company focused on the exploration, development and long-term supply of certain rare earth elements. Its principal project is the Itarantim Project. IMC Rare Earths Ltd is based in S?O PAULO, Brazil.