Everest Consolidator Acquisition (OTCMKTS:MNTN) Sets New 1-Year Low – Time to Sell?

Everest Consolidator Acquisition Co. (OTCMKTS:MNTN)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.41 and last traded at $11.46, with a volume of 29242 shares changing hands. The stock had previously closed at $11.70.

Everest Consolidator Acquisition Stock Performance

The stock’s fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $17.97. The company has a market cap of $493.63 million, a price-to-earnings ratio of -7.91 and a beta of 0.05.

Everest Consolidator Acquisition Company Profile

Everest Consolidator Acquisition (OTCMKTS:MNTN) is a special purpose acquisition company (SPAC) formed as a blank‐check acquisition vehicle. The company was organized to raise capital through the public markets and to identify and complete one or more business combinations, mergers or asset acquisitions with private operating companies seeking to access public equity financing.

As of now, Everest Consolidator Acquisition has not announced a definitive business combination or disclosed specific target industries, geographies or management appointments.