Mogo (TSE:MOGO) Shares Up 57.5% – Time to Buy?

Mogo Inc. (TSE:MOGO)’s share price was up 57.5% during trading on Wednesday . The company traded as high as C$3.80 and last traded at C$2.11. Approximately 2,013,520 shares changed hands during mid-day trading, an increase of 4,132% from the average daily volume of 47,581 shares. The stock had previously closed at C$1.34.

Analysts Set New Price Targets

Separately, Raymond James cut their price objective on Mogo from C$4.00 to C$3.00 and set an “outperform” rating for the company in a research report on Friday, March 21st.

Mogo Trading Up 1.7%

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 company has a fifty day simple moving average of C$1.34 and a 200-day simple moving average of C$1.65. The company has a market capitalization of C$43.78 million, a PE ratio of -2.80 and a beta of 3.31.

Mogo Company Profile

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.