Why Integrated Media Technology Share Price Jumped Higher Today

At the time of writing, shares of Integrated Media Technology Ltd [ASX:ITL] are up by 69.96%, today trading for $17 per share.

Integrated Media is a technology investment company engaged in the acquisition, development, and commercialisation of autostereoscopic 3D display technology products and services.

Why did Integrated Media Technology Ltd shares rise?

On 3 May, Integrated Media Technology Ltd confirmed that investor awareness is growing towards its products in the US. The company listed on the NASDAQ exchange last year and is delisting from the ASX.

What now for Integrated Media Technology Ltd?

The latest news was applauded by the market. Integrated Media’s share price has skyrocketed from $5 per share on 3 May. Here’s the latest share price chart:

Commsec graph

Following the news last week the share price hit a high of $20.10. Given the price surge over the short time period, day traders decided to dump their stock. However, investors have decided to step back into the market and support the share price.

The company is making significant progress with its 3D imaging technology through its wholly owned subsidiaries, Marvel Digital Limited and GOXD Technology Limited. These products include glasses-free 3D digital signage and video wall, 3D conversion equipment and software for the film/video production industry.

Assuming these products gain traction in the US market, Integrated Media Technology Ltd shareholders could do well.

Jason Stevenson,
Resources Analyst, Money Morning

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Jason Stevenson is Money Morning’s resource analyst. He believes the best way to make money lies in the resources sector. He says, despite the current environment, there’s always a good resources stock trading under the radar. Jason originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Now he brings that expertise to Money Morning, providing readers with his take on the Aussie resource sector, geopolitics and macro events. Whether its oil and gas, gold or lithium, you’re guaranteed an in-depth analysis of the week’s most important topic. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:

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