Sometimes companies which may have been dormant for years can get some traction in the stock markets and that is what seemed to have happened with the Imagination TV Inc (OTCMKTS:IMTV) stock on Tuesday.
There was no new development with regards to the company yesterday but investors piled on to the Imagination stock in a big way and sent it soaring by as much as 75%. As a matter of fact, there has been no news about the company for quite a while and the last news to have emerged was back in 2019.
In that sort of a situation, it is perhaps a better idea for investors to take a look at the nature of the company’s business. The company owns and also operates a range of websites dedicated to vacation and business travellers to specific cities. The websites provide information with regards to hotels, leisure activities, restaurants and car rental information among others.
In the past, the company had been known as IC Places Inc but in October of 213, it changed its name to Imagination TV Inc. The company had been established back in 2005. At this point, it remains to be seen if any material news emerges about the company this week.