FIGX Capital Acquisition (NASDAQ:FIGXW) Trading Up 3.6% – Time to Buy?

FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) shot up 3.6% during trading on Monday . The stock traded as high as $0.28 and last traded at $0.28. 5,000 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 19,505 shares. The stock had previously closed at $0.2702.

FIGX Capital Acquisition Stock Up 3.6%

The firm has a fifty day moving average of $0.25.

About FIGX Capital Acquisition

FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).

Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.