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Integrated Media Technology shares rockets over 1,000% on heavy volume

Shares of Integrated Media Technology Ltd. IMTE, +1,043.00% rocketed more than 10-fold on heavy quantity Wednesday, even supposing there is no apparent reason for the rally. The inventory soared up to 1,963% in intraday business ahead of "paring" some positive aspects to be up just 1,043% in afternoon business. The inventory has been briefly halted nine times throughout the session for volatility. MarketWatch called a spokesperson for the Australia-based company, which develops visual technology with a focus on glasses-free 3-d display technology, but there used to be no solution and the voicemail inbox used to be complete. The spokesperson, Adam Holdsworth at PCG Advisory Group, did not right away reply to an electronic mail searching for data or remark. On Tuesday, the corporate had announced that it appointed PCG Advisory Group as its investor members of the family and company communications agency of document in the U.S. "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," mentioned Integrated Media Chief Executive Herbert Ying Chiu Lee in a observation. "We are making significant progress with our 3D imaging technology and integrated product lines in the display market through our wholly owned subsidiaries, Marvel Digital Limited and GOXD Technology Limited." Prior to Wednesday's blast off, the inventory had tumbled 61% 12 months so far via Tuesday, while the S&P 500 SPX, +zero.02% had slipped zero.7%.