By Chris Wack


Integrated Media Technology Ltd. shares were down 65% at $3.90 in heavy trading, on a day when the company released no apparent news or releases.

Volume for the stock was 14.1 million shares at 1:15 p.m. ET, compared with its 65-day average volume of 1.1 million shares.

The stock, which closed Tuesday down 9%, hit its 52-week high of $38.48 on April 1.

On Monday, Integrated Media's Ace Corp. subsidiary entered into a cooperation agreement with Hainan Pansuo Art and Culture Development Co. to establish a strategic partnership to provide one-stop blockchain traceability, automated NFT production, electronic settlement and related development and technical support.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

06-08-22 1341ET