Shares of International Media Acquisition Corp. (OTCMKTS:IMAQ – Get Free Report) were up 1.6% during mid-day trading on Wednesday. The stock traded as high as $10.10 and last traded at $10.10. Approximately 214 shares were traded during mid-day trading, a decline of 68% from the average session volume of 665 shares. The stock had previously closed at $9.94.
International Media Acquisition Price Performance
The business has a 50 day moving average price of $10.10 and a 200 day moving average price of $10.06.
About International Media Acquisition
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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