Mogo Inc. (TSE:MOGO - Get Free Report)'s share price rose 99.4% on Thursday . The stock traded as high as C$5.19 and last traded at C$3.47. Approximately 2,046,435 shares were traded during trading, an increase of 2,798% from the average daily volume of 70,626 shares. The stock had previously closed at C$1.74.
Wall Street Analyst Weigh In
Separately, Raymond James Financial cut their price target on shares of Mogo from C$4.00 to C$3.00 and set an "outperform" rating on the stock in a report on Friday, March 21st.
Read Our Latest Research Report on Mogo
Mogo Trading Up 1.0%
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's 50-day moving average is C$1.78 and its 200 day moving average is C$1.65. The company has a market cap of C$71.92 million, a price-to-earnings ratio of -4.61 and a beta of 3.31.
About Mogo
(
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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.
Further Reading
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