The media company Image Protect Inc emerged as one of the notable movers on Thursday despite there being no news about the company this week. While that may be true, it should be noted that the stock rallied by as much as 20% yesterday and hence, it could be a good idea to take a close look at Image Protect (OTCMKTS:IMTL).
The last significant news about the company had emerged back on June 15 when the company launched its full service press release distribution service named Mcap MediaWire. It was a significant announcement from the company and may have brought the Image Protect stock to the attention of investors.
The services is not only about press release distribution though. Mcap MediaWire is also going to help with the publishing and also provide multimedia services to those who are going to use the services. It should also be noted that the services is primarily meant for investors and issuers who are involved in the micro cap space.
The micro cap space has grown by leaps and bounds in recent times and is expected to grow further in the future. Hence, it could be said that the service could well prove to be a cornerstone of Image Protect’s growth.
Market Reaction:
On Thursday, IMTL stock went up 20% to $0.0054 with more than 46.06 million shares, compared to its average volume of 98.85 million shares. The stock has moved within a range of $0.0041 – 0.0055 after opening the trade at $0.0047. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0190.
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