Mogo (TSE:MOGO) Trading Up 90.2% - Time to Buy?

Shares of Mogo Inc. (TSE:MOGO - Get Free Report) rose 90.2% on Wednesday . The stock traded as high as C$5.19 and last traded at C$3.31. Approximately 923,130 shares traded hands during trading, an increase of 1,457% from the average daily volume of 59,287 shares. The stock had previously closed at C$1.74.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial dropped their price objective on shares of Mogo from C$4.00 to C$3.00 and set an "outperform" rating for the company in a research note on Friday, March 21st.

Mogo Price Performance

The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15. The company has a market capitalization of C$71.20 million, a P/E ratio of -4.56 and a beta of 3.31. The company's fifty day moving average price is C$1.75 and its 200 day moving average price is C$1.64.

About Mogo

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.