International Media Acquisition (NASDAQ:IMAQU) Shares Up 7% – Still a Buy?

International Media Acquisition Corp. (NASDAQ:IMAQUGet Free Report) traded up 7% on Thursday . The company traded as high as $11.79 and last traded at $11.79. 217 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,261 shares. The stock had previously closed at $11.02.

International Media Acquisition Price Performance

The company has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $11.42.

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.

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