Mogo (TSE:MOGO) Shares Up 2%

Mogo Inc. (TSE:MOGO) shot up 2% during trading on Tuesday . The company traded as high as C$2.58 and last traded at C$2.58. 14,424 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 28,953 shares. The stock had previously closed at C$2.53.

Analysts Set New Price Targets

Separately, Eight Capital boosted their target price on Mogo from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.

Mogo Stock Up 2.0 %

The firm’s fifty day simple moving average is C$2.61 and its 200 day simple moving average is C$2.29. The company has a current ratio of 3.66, a quick ratio of 3.99 and a debt-to-equity ratio of 94.89. The company has a market cap of C$62.77 million, a price-to-earnings ratio of -0.64 and a beta of 3.54.

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.