Vistas Media Acquisition Company Inc. (OTCMKTS:VMACU – Get Free Report) shot up 11.9% on Thursday. The stock traded as high as $14.72 and last traded at $10.69. 20,200 shares were traded 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 stock has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.69.
Vistas Media Acquisition Company Profile
Vistas Media Acquisition Company was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the media, entertainment, and technology sectors. Rather than operating a traditional product or service business, the company raised capital through a public offering and sought a merger with a privately held company.
The company focused on opportunities involving media and entertainment businesses with international growth potential, particularly in markets including India, the Middle East, North Africa, and Southeast Asia.
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