|Bid||0.0000 x 900|
|Ask||0.0000 x 1200|
|Day's Range||4.4200 - 4.8000|
|52 Week Range||3.6590 - 58.0000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the "Company"), a China-based trucking services provider, today announced that it has closed a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a "Unit"), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the "Warrants"), at a price of $6.00 per unit for aggregate gross proceeds of $20 million. After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company is approximately $18 million. The Company has approximately 15,687,375 ordinary shares outstanding after the offering.
MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the "Company"), a China-based trucking services provider, today announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a "Unit"), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the "Warrants"), for aggregate gross proceeds of $20 million, before deducting the placement agent's fees and other estimated offering expenses. The Warrants will be exercisable six months after the date of issuance (the "Initial Exercise Date") at an exercise price of $6.60 per share, subject to adjustments, and will expire three years after the Initial Exercise Date. The offering is expected to close on or about March 12, 2021, subject to the satisfaction of customary closing conditions.
MingZhu Logistics Holdings (NASDAQ: YGMZ) shares were trading higher Wednesday following an announcement of cooperation with Guandong Huawei Modern Logistics. Here are some speculative short- and long-term support and resistance levels to watch. The 5-minute chart below shows what technical traders would call speculative support and resistance lines. The speculative support line is near the price level of $9.70. The speculative resistance line is near the price level of $11. Ideally, bullish technical traders would like to see the price break out of the resistance line and consolidate above this level for a time period. The holding of the gains allows the possibility of the price to make a further move to the upside. Ideally, a bearish technical trader would like to see the price fall below the speculative support line. They would like to see a consolidation below this price level before a further move to the downside could possibly occur. The daily chart below shows the longer-term technicals. The daily chart shows more levels of speculative support and resistance. The speculative support level is near the price level of $8. There are two speculative resistance levels. The first resistance level is near the $13 area, and the second one is near the $17 level. The price level breaking through support and resistance works in the same way longer-term as it does in the short term. Bullish technical traders may like to see the price moving above the resistance levels with consolidation above before a move higher may be possible. The bearish technical trader would like to see the price fall below the $8 speculative support level and consolidate below before a further move down. MingZhu Logistics trades with a market cap of $34 million and has a public float of 3.09 million shares. See more from BenzingaClick here for options trades from BenzingaReliance Global Trades Higher: Technical Levels to WatchAvinger Technical Levels To Watch Following Patent News© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.