Mogo (TSE:MOGO) Trading Down 4.9% - Here's Why

Key Points

• Mogo Inc. (TSE:MOGO) experienced a 4.9% decline in stock price, trading as low as C$2.47 before closing at C$2.50.
• The company's market cap stands at C$60.13 million, with a current ratio of 0.49 and a debt-to-equity ratio of 123.15.
• Mogo provides digital financial solutions, including commission-free trading through MogoTrade and automated investing via its subsidiary Moka.

Mogo Inc. (TSE:MOGO - )'s stock price traded down 4.9% on Friday . The stock traded as low as C$2.47 and last traded at C$2.50. 74,198 shares were traded during trading, a decline of 2% from the average session volume of 75,825 shares. The stock had previously closed at C$2.63.

Mogo Trading Down 4.9%

The company has a 50 day moving average of C$2.16 and a 200 day moving average of C$1.74. 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$60.13 million, a price-to-earnings ratio of -3.85 and a beta of 3.31.

About Mogo

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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