Intermap Technologies (TSE:IMP) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Intermap Technologies (TSE:IMP) shares have crossed above the 50-day moving average, reaching a high of C$3.17, with a latest trading price of C$3.01.
• Stifel Canada has upgraded Intermap Technologies to a "strong-buy" rating, signaling potential investor confidence in the company.
• The company has a market capitalization of C$114.78 million and shows a significant debt-to-equity ratio of 550.00, indicating potential financial risk.

Intermap Technologies Co. (TSE:IMP - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.60 and traded as high as C$3.17. Intermap Technologies shares last traded at C$3.01, with a volume of 95,402 shares trading hands.

Analyst Ratings Changes

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

Intermap Technologies Trading Down 1.0%

The company has a debt-to-equity ratio of 550.00, a current ratio of 0.52 and a quick ratio of 0.20. The business's 50-day moving average price is C$2.62 and its two-hundred day moving average price is C$2.30. The firm has a market cap of C$112.88 million, a price-to-earnings ratio of -668.75 and a beta of 1.22.

Intermap Technologies Company Profile

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.