Shares in communication service brand, Integrated Media Technology Limited [ASX:ITL] grew by almost 1,000% this week.
Their stock has been consistently growing throughout the week, however investors are unsure as to why this is that case.
Integrated Media develop a variety of visual technology that emphasises focus on 3D tech.
Their shares are valued at $6.83 each.
New appointed investor announced
No news has been released on a reason on why their shares grew at such a drastic rate.
Public relations agencies were unable to provide an explanation in regards to the increase too.
However, they did announce that they had begun working with a new advisory group, as its investor relations and corporate communications agency.
PCG Advisory Groups have been working with Integrated Media prior their increase.
Market watch.com reported that IMT’s Chief Executive Jeff Ramson stated:
‘With our listing on the NASDAQ in 2017, we are moving ahead with expanding our investor awareness in the U.S. through PCG Advisory Group, we are making significant progress with our 3-D imaging technology and integrated product lines in the display market through our wholly owned subsidiaries, Marvel Digital Limited and GOXD Technology Limited.’
IMT have come out saying that their strong management have contributed to building a profitable business that creates new opportunities to evolve through 3D technology.
The 3D market is evolving, and IMT are aware of its consistent growth, and the potential profit that comes with it.
For Money Morning