Mogo Inc. (TSE:MOGO - Get Free Report) shares rose 99.4% during trading on Wednesday . The stock traded as high as C$5.19 and last traded at C$3.47. Approximately 2,046,435 shares traded hands 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 decreased their price objective on Mogo from C$4.00 to C$3.00 and set an "outperform" rating for the company in a report on Friday, March 21st.
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Mogo Price Performance
The company's 50-day simple moving average is C$1.78 and its 200-day simple moving average is C$1.65. The company has a debt-to-equity ratio of 123.15, a quick ratio of 3.99 and a current ratio of 0.49. The company has a market capitalization of C$71.92 million, a PE 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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