West Enclave Merger Corp.’s Lock-Up Period Will Expire Tomorrow (NYSE:WENC)

West Enclave Merger’s (NYSE:WENC) lock-up period is set to end on Tuesday, October 27th. West Enclave Merger had issued 10,000,000 shares in its initial public offering on April 30th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

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

West Enclave Merger Stock Performance

WENC opened at $10.03 on Monday. West Enclave Merger has a fifty-two week low of $9.86 and a fifty-two week high of $10.05. The firm’s 50-day moving average is $10.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 6.76 and a current ratio of 6.76. The company has a market capitalization of $160.98 million and a price-to-earnings ratio of 334.33.

About West Enclave Merger

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.