Mogo (TSE:MOGO) Trading Down 3.9% - Time to Sell?

Key Points

• Mogo Inc. shares fell by 3.9% to C$2.46 during mid-day trading, following a previous close of C$2.56.
• The company's current ratio is 0.49, indicating potential liquidity issues, while a debt-to-equity ratio of 123.15 suggests heavy leverage.
• Mogo is recognized as one of Canada's leading digital finance companies, offering services like commission-free stock trading through its MogoTrade app.

Mogo Inc. (TSE:MOGO - )'s share price was down 3.9% during mid-day trading on Friday . The stock traded as low as C$2.43 and last traded at C$2.46. Approximately 68,920 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 73,817 shares. The stock had previously closed at C$2.56.

Mogo Stock Performance

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 firm has a market cap of C$58.45 million, a PE ratio of 15.38 and a beta of 2.83. The stock's 50 day moving average price is C$2.55 and its 200 day moving average price is C$2.10.

Mogo Company Profile

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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