Forum Merger III (OTCMKTS:FIIIU) Stock Price Up 2.9% – Should You Buy?

Forum Merger III Co. (OTCMKTS:FIIIU)’s share price rose 2.9% on Thursday . The stock traded as high as $11.40 and last traded at $11.11. Approximately 2,400 shares traded hands during trading, a decline of 82% from the average daily volume of 13,006 shares. The stock had previously closed at $10.80.

Forum Merger III Stock Performance

The firm’s 50 day moving average price is $11.11 and its two-hundred day moving average price is $11.11.

About Forum Merger III

Forum Merger III Corp is a special purpose acquisition company (SPAC) incorporated in Delaware and trading on the OTC Markets under the symbol FIIIU. As a blank-check vehicle, its principal activity is raising capital through the sale of units in an initial public offering and seeking to complete a business combination with one or more operating businesses.

Upon closing its public offering, the company’s net proceeds were placed in a trust account to be used for an acquisition, subject to shareholder approval and the timeframe specified in its charter.