Stock Alert: Mogo Rises On Surge In Bitcoin Transaction Volume

Shares of Mogo Inc. (MOGO) are rising more than 22% Tuesday morning after the company reported a 135% month-over-month increase in the dollar value of bitcoin traded on the Mogo platform from October 2020 to November 2020.

“As one of the pioneers in Canada and the only well-established publicly traded Canadian company offering a simple and low-cost way to buy and sell bitcoin, we are in a unique position to meet this rising demand through our award winning app that offers a number of innovative products to help Canadians manage their financial lives,” said David Feller, Mogo’s Founder and CEO.

Mogo is a financial technology company that provides digital financial solutions through its mobile app.

The stock touched a new high of $3.49 this morning, and is currently at $3.25.

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