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Mogo (TSE:MOGO) Stock Price Down 1.6% - Here's Why

Mogo logo with Computer and Technology background

Key Points

  • Mogo Inc. (TSE:MOGO) shares declined by 1.6% on Friday, closing at C$2.52 after hitting a low of C$2.47 during the trading session.
  • The company's trading volume was 66,122 shares, which is an 11% decrease from its average session volume of 73,937 shares.
  • Mogo operates as a leading digital finance company in Canada, providing solutions like MogoTrade for commission-free stock trading and automated investing through its subsidiary, Moka.
  • Five stocks to consider instead of Mogo.

Shares of Mogo Inc. (TSE:MOGO - Get Free Report) fell 1.6% during trading on Friday . The company traded as low as C$2.47 and last traded at C$2.52. 66,122 shares traded hands during trading, a decline of 11% from the average session volume of 73,937 shares. The stock had previously closed at C$2.56.

Mogo Trading Down 1.6%

The business's 50-day moving average is C$2.48 and its two-hundred day moving average is C$1.97. The company has a current ratio of 0.49, a quick ratio of 3.99 and a debt-to-equity ratio of 123.15. The stock has a market capitalization of C$59.87 million, a PE ratio of 15.75 and a beta of 2.92.

About Mogo

(Get Free Report)

Mogo, one of Canada's leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo's wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo's digital wealth platform.

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