Shares of Mogo Inc. (TSE:MOGO - Get Free Report) shot up 99.4% on Wednesday . The company traded as high as C$5.19 and last traded at C$3.47. 2,046,435 shares were traded during mid-day trading, an increase of 2,798% from the average session volume of 70,626 shares. The stock had previously closed at C$1.74.
Analysts Set New Price Targets
Separately, Raymond James Financial cut their price objective on shares of Mogo from C$4.00 to C$3.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st.
View Our Latest Analysis on MOGO
Mogo Stock Down 14.7%
The firm's 50 day simple moving average is C$1.75 and its 200 day simple moving average is C$1.64. The company has a market cap of C$71.20 million, a price-to-earnings ratio of -4.56 and a beta of 3.31. The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15.
Mogo Company Profile
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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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