Guardian Metal Resources PLC American Depositary Shares, each representing five (5)’s (NYSEAMERICAN:GMTL) Quiet Period To Expire on April 29th

Guardian Metal Resources PLC American Depositary Shares, each representing five (5)’s (NYSEAMERICAN:GMTL) quiet period will expire on Wednesday, April 29th. Guardian Metal Resources PLC American Depositary Shares, each representing five (5) had issued 4,444,400 shares in its initial public offering on March 20th. The total size of the offering was $59,999,400 based on an initial share price of $13.50. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

GMTL has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) in a research report on Tuesday, April 14th. They set an “outperform” rating for the company. Maxim Group downgraded shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) from a “buy” rating to a “hold” rating in a research report on Monday. Finally, DA Davidson upgraded shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) to a “strong-buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $30.00.

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) Trading Down 1.5%

Shares of GMTL opened at $19.21 on Friday. Guardian Metal Resources PLC American Depositary Shares, each representing five has a 12 month low of $12.89 and a 12 month high of $22.20.