Image Protect Inc (OTCMKTS:IMTL) Collaborates with the Jim Jones
Emerging media firm Image Protect Inc (OTCMKTS:IMTL) was trading within a range on Thursday but that does not mean that it is a stock to be ignored. Stocks which trade in a range can often breakout too and hence, it may be a good move to look into the development from yesterday.
Market Stats
On Thursday, IMTL stock ended flat at $0.0006 with 6.10 million shares, compared to its average volume of 24.70 million shares. The stock moved within a range of $0.0005 – 0.0006 after opening trading at $0.0005.
Image Protect Inc. (IMTL) Announces the Company’s Collaboration with the Jim Jones, Christmas Song Set to Launch December as an NFT, On-Boards the Hot Trending Artist, Capella Grey as a Feature Singer
The company announced the launch of Tokentunz.com yesterday and also provided crucial details about the same. The website in question is related to music and allows independent artists to release original music easily. However, perhaps more importantly, artists can sell the music to their fans with by way of NFTs.
It was a significant announcement from the company considering the fact that NFTs have now become hugely popular among artists and musicians. While it remains to be seen if this new venture from Image Protect can end up being a success, it may well be a step in the right direction.
On the other hand, Image Protect has also tied up an exclusive deal with the singer Jim Jones and as per the contract, he is going to come up with Christmas song later on this year. Investors could do well to keep an eye on the stock today.
Key Quote
Image Protect CEO, Lawrence Adams, “We are extremely excited about being first to market by delivering an NFT of a Record single by a major Artist with streaming and Publishing revenues sent directly to the NFT holder. To be Partnering with Jim Jones at our launch, is an honor, and to have enlisted such a hot new artist, Capella Grey, we couldn’t be happier on the progress of the project thus far.”
Traders Corner
IMTL stock is trading below the 20-Day and 50-Day Moving averages of $0.0007 and $0.0006 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0014.
