Mogo (TSE:MOGO) Trading Up 5% – Here’s Why

Mogo Inc. (TSE:MOGO)’s share price was up 5% on Monday . The stock traded as high as C$1.48 and last traded at C$1.46. 34,936 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 71,115 shares. The stock had previously closed at C$1.39.

Mogo Stock Performance

The stock’s 50-day simple moving average is C$1.46 and its 200-day simple moving average is C$1.46. The stock has a market cap of C$34.69 million, a price-to-earnings ratio of 4.71 and a beta of 3.34. The company has a current ratio of 1.56, a quick ratio of 3.99 and a debt-to-equity ratio of 109.06.

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. Mogo also offers digital loans and mortgages.