Intermap Technologies (TSE:IMP) Hits New 52-Week High - Here's Why

Key Points

• Intermap Technologies reached a new 52-week high during trading, peaking at C$3.55 before settling at C$3.07, with a trading volume of 156,133 shares.
• Stifel Canada has upgraded the stock to a "strong-buy" rating, indicating positive sentiment among analysts.
• The company's current market capitalization stands at C$119.74 million, but it has a high debt-to-equity ratio of 550.00, which may be a concern for investors.

Intermap Technologies Co. (TSE:IMP - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$3.55 and last traded at C$3.07, with a volume of 156133 shares. The stock had previously closed at C$3.25.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada raised shares of Intermap Technologies to a "strong-buy" rating in a report on Monday, July 14th.

Intermap Technologies Stock Down 2.2%

The company has a debt-to-equity ratio of 550.00, a quick ratio of 0.20 and a current ratio of 0.52. The stock has a market cap of C$118.98 million, a P/E ratio of -704.89 and a beta of 1.22. The stock's fifty day simple moving average is C$2.55 and its 200-day simple moving average is C$2.28.

About Intermap Technologies

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.