Maquia Capital Acquisition (NASDAQ:MAQC) Trading 18% Higher – Here’s What Happened

Maquia Capital Acquisition Co. (NASDAQ:MAQCGet Free Report)’s stock price rose 18% on Monday . The company traded as high as $2.36 and last traded at $2.36. Approximately 100 shares traded hands during trading, a decline of 92% from the average session volume of 1,292 shares. The stock had previously closed at $2.00.

Maquia Capital Acquisition Stock Performance

The business has a fifty day moving average of $2.18 and a 200-day moving average of $2.12. The company has a market capitalization of $12.32 million, a P/E ratio of -78.67 and a beta of -0.01.

About Maquia Capital Acquisition

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Maquia Capital Acquisition Corp. is an exempted Cayman Islands company formed as a special purpose acquisition company (SPAC) with the objective of effecting a merger, capital stock exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker MAQC, raising capital to pursue acquisition opportunities.

The company focuses on identifying and combining with one or more businesses in sectors such as consumer, healthcare and technology.

Further Reading

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