Everest Consolidator Acquisition (OTCMKTS:MNTN) Stock Price Down 3.7% – What’s Next?

Everest Consolidator Acquisition Co. (OTCMKTS:MNTN)’s share price fell 3.7% during mid-day trading on Thursday . The company traded as low as $7.75 and last traded at $7.88. 895,429 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 572,653 shares. The stock had previously closed at $8.18.

Everest Consolidator Acquisition Stock Performance

The stock has a market capitalization of $355.63 million, a P/E ratio of -5.70 and a beta of 0.05. The stock has a 50 day moving average of $11.41 and a 200 day moving average of $16.52.

About Everest Consolidator Acquisition

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.