Imagination Park Entertainment (CNSX:IP) Trading Up 9,792.4% – Still a Buy?

Imagination Park Entertainment Inc (CNSX:IP)’s share price rose 9,792.4% during trading on Thursday . The company traded as high as $0.4250 and last traded at $39.0750. Approximately 7,492,998 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 5,594,868 shares. The stock had previously closed at $0.3950.

Imagination Park Entertainment Price Performance

The stock has a fifty day moving average price of $40.16 and a 200-day moving average price of $44.16.

Imagination Park Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, February 23rd will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, February 23rd.

About Imagination Park Entertainment

Imagination Park Entertainment Inc creates engaging and interactive content to users through a cloud-based augmented reality (AR) enterprise platform in Canada. Its products include XenoMark, an AR content activation mobile app that allows to create and deploy AR activations by location and visual markers; XenoPlay, an AR mobile browser app; and XenoCloud, a centralized content management system. The company was formerly known as GeoNovus Media Corp. and changed its name to Imagination Park Entertainment Inc in May 2016.