Insider BuyingAlways good to see insiders buying. Good evidence that it is a good buy at these levels.
Mogo Finance Technology (TSE:GO) Director Peter Maclachlan Brown bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of C$6.00 per share, for a total transaction of C$30,000.00.
A number of equities analysts have recently commented on GO shares. Cormark initiated coverage on shares of Mogo Finance Technology in a research note on Wednesday, July 29th. They set a “buy” rating on the stock. Canaccord Genuity began coverage on shares of Mogo Finance Technology in a report on Wednesday, July 29th. They set a “buy” rating for the company.
Shares of Mogo Finance Technology (
TSE:GO) traded down 0.83% on Tuesday, reaching $5.95. 17,665 shares of the company’s stock traded hands. The company’s 50-day moving average is $6.76 and its 200-day moving average is $7.14. The firm’s market capitalization is $108.06 million. Mogo Finance Technology has a 52 week low of $5.89 and a 52 week high of $9.90.
Mogo Finance Technology Inc. is an online financial technology company. The Company offers online lending platform that provides consumers with access to credit solutions by using big data algorithms. The Company’s technology platform helps to automate both the customer experience and its operations. The Company also offers a free prepaid Mogo Visa card that has no monthly fee and can help consumers to manage the overspending of credit cards. The Company’s products include MogoLiquid, which is an unsecured installment loan for up to $35,000 with a term of up to five years and no prepayment penalties or fees; MogoMini is a line of credit with principal amounts ranging from $100 to $2,500 for one year term; MogoZip is a short-term loan product for up to $1,500 with terms generally between 14 and 30 days, and MogoCard is a reloadable prepaid visa card that gives consumers the convenience of a Visa without the credit.
