MobilityOne (LON:MBO) Shares Up 84% – Here’s Why

MobilityOne Limited (LON:MBO)’s stock price traded up 84% during trading on Wednesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.38. 6,782,995 shares changed hands during mid-day trading, an increase of 3,723% from the average session volume of 177,440 shares. The stock had previously closed at GBX 0.75.

MobilityOne Stock Performance

The firm’s 50-day simple moving average is GBX 0.93 and its two-hundred day simple moving average is GBX 1.07. The company has a current ratio of 0.63, a quick ratio of 1.12 and a debt-to-equity ratio of 432.56. The stock has a market capitalization of £1.70 million, a PE ratio of -0.58 and a beta of 2.45.

About MobilityOne

MobilityOne Limited, an investment holding company, provides e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions in Malaysia. It operates through two segments, Telecommunication Services and Electronic Commerce Solutions; and Hardware. The company offers payment terminals for retailers, which enables bill payments, mobile and e-games top-ups, loan repayments, credit and ATM card payments, cashbacks, and e-wallets payments; mobile payment applications; and payment solution products and services, such as bill and loan collection, e-voucher distribution, local and federal government payment, and other recurring payment services for corporates.