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lakshmiprasad S
Indian esports platform MOGO (NASDAQ:MGAM) stock doubled in early afternoon trading Tuesday after it announced the appointment of a new chief data officer.
Shares of MOGO, also known as Mobile Global Esports, opened at $0.99, later hitting a session high of $2.50 in late morning. The stock recently changed hands at $1.99 at around 1:15 p.m. ET.
MOGO went public in late July through a $6M public offering. The stock rallied its first two sessions, reaching a 52-week high of $20.74 on Aug. 1 before beginning a downward descent on Aug. 2. The shares hit a 52-week low of $0.61 on Dec. 20.
Earlier Tuesday, MOGO announced that it has hired Nick Venezia as its new CDO. Venezia is a veteran of digital marketing teams at Snapchat, Twitter and LinkedIn.
Last week, MOGO said that because its stock had traded at $1 or above for over 10 consecutive business days, it was no longer in danger of being delisted by Nasdaq. MOGO had received warning from Nasdaq in late December about its stock price not meeting its minimum bid price requirements.
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Image and article originally from seekingalpha.com. Read the original article here.