International Media Acquisition Corp. (OTCMKTS:IMAQ – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $10.06 and traded as high as $10.10. International Media Acquisition shares last traded at $10.10, with a volume of 214 shares.
International Media Acquisition Stock Performance
The company’s 50-day moving average price is $10.10 and its 200-day moving average price is $10.06.
International Media Acquisition Company Profile
International Media Acquisition Corp. (OTCMKTS: IMAQ) was formed as a special purpose acquisition company (SPAC), also known as a blank-check company. Rather than operating a conventional business, its principal objective was to identify and complete a merger, acquisition, or similar business combination with one or more businesses.
The company’s stated focus was on potential opportunities in the international media, entertainment, sports, digital media, and related technology sectors.
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