10 Small Firms Kick Off Monday with Strong Gains

2. Integrated Media Technology Limited (NASDAQ:IMTE)

Integrated Media surged by 312.96 percent at intra-day trading on Monday before early profit-taking occurred to pull the company just up by 197.45 percent at $2.1 apiece, as investors resorted to bargain-hunting after touching a new 52-week low on Friday.

Additionally, the bargain-hunting propelled the company’s stock price back above the $1 minimum bid price requirement of the Nasdaq stock exchange, having traded below the said level for two consecutive days last week.

According to InvestingPro, the company is currently assigned a “weak” financial health score, having recorded -$19.35 million EBITDA, an alarming gross profit margin of -920.2 percent, and a debt burden of $11.78 million.

IMTE is a technology investment, product development, and distribution company based in Australia, which mainly engages in manufacturing and selling nano-coated plates for filters, electronic glass, Halal products, and energy products and services.