Mogo (TSE:MOGO) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Mogo Inc. (TSE:MOGOGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.46 and traded as low as C$1.39. Mogo shares last traded at C$1.46, with a volume of 34,936 shares traded.

Mogo Price Performance

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

About Mogo

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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.

Further Reading

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