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Shares of Indian esports platform MOGO (NASDAQ:MGAM), also known as Mobile Global Esports, rallied for the second straight day, jumping over 30% in midday trading Wednesday.
MOGO shares opened at $3.54, leaping to a high of $4.68 in early trading before sliding to a low of $3.06 in mid-morning. The stock recently changed hands at $3.40 at approximately 12:45 p.m. ET. The company did not appear to release any news or make any SEC filings on Wednesday.
Shares of MOGO rocketed 160% to close at $2.58 on Tuesday after the company announced it had hired a new chief data officer.
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.
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.