International Media Acquisition (OTCMKTS:IMAQ) Shares Up 2.8% – Still a Buy?

International Media Acquisition Corp. (OTCMKTS:IMAQGet Free Report)’s share price shot up 2.8% on Thursday . The stock traded as high as $10.59 and last traded at $10.59. 1,001 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 571 shares. The stock had previously closed at $10.30.

International Media Acquisition Stock Up 2.8%

The firm’s 50 day moving average price is $10.15 and its two-hundred day moving average price is $9.91.

International Media Acquisition Company Profile

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International Media Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. International Media Acquisition Corp. was incorporated in 2021 and is based in North Brunswick, New Jersey.

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