Vistas Media Acquisition (OTCMKTS:VMACU) Shares Up 11.9% – Here’s What Happened

Shares of Vistas Media Acquisition Company Inc. (OTCMKTS:VMACU) rose 11.9% during mid-day trading on Friday . The company traded as high as $14.72 and last traded at $10.69. Approximately 20,200 shares changed hands during trading, an increase of 392% from the average daily volume of 4,108 shares. The stock had previously closed at $9.55.

Vistas Media Acquisition Stock Performance

The business has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $10.69.

About Vistas Media Acquisition

Vistas Media Acquisition Company is a special-purpose acquisition company (SPAC) formed to facilitate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the media, entertainment, technology, education and communications sectors. Incorporated in Delaware, the company conducted an initial public offering of units in 2021 and is traded under the symbol VMACU on the OTC Markets. As a blank-check vehicle, Vistas Media Acquisition Company holds the proceeds from its IPO in a trust account while seeking suitable targets for combination.

The company’s stated strategy is to identify and partner with growth-oriented enterprises that can benefit from Vistas Media’s operational and financial expertise.