Mogo (TSE:MOGO) Trading 99.4% Higher - Time to Buy?
Mogo Inc. (TSE:MOGO – Get Free Report)’s share price rose 99.4% during trading 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 mid-day trading, an increase of 2,798% from the average daily volume of 70,626 shares. The stock had previously closed at C$1.74.
Separately, Raymond James Financial lowered their target price on Mogo from C$4.00 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st.
View Our Latest Research Report on MOGO
The stock has a fifty day moving average price of C$1.75 and a two-hundred day moving average price of C$1.64. The company has a market cap of C$83.46 million, a price-to-earnings ratio of -5.35 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 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.
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