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Mogo Finance Technology ( (TSE:MOGO) ) has shared an update.
Mogo Inc. has applied to the Toronto Stock Exchange to extend the expiry date of over 1.1 million common share purchase warrants by one year, from June 13, 2025, to June 13, 2026. This extension, pending approval from the TSX and warrantholders, aims to provide additional time for warrant holders to exercise their rights, potentially impacting the company’s financial strategy and market positioning.
The most recent analyst rating on (TSE:MOGO) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Mogo Finance Technology stock, see the TSE:MOGO Stock Forecast page.
Spark’s Take on TSE:MOGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:MOGO is a Neutral.
Mogo’s stock score is primarily influenced by financial performance improvements and technical momentum. The strategic shift towards AI and growth in key segments are positive, but profitability issues and high leverage remain significant concerns.
To see Spark’s full report on TSE:MOGO stock, click here.
More about Mogo Finance Technology
Mogo Inc. is a financial technology company that operates in three main business lines: wealth, lending, and payments. The company focuses on providing innovative financial solutions to consumers, primarily in the Canadian market, where it is the only subprime consumer lender offering a comprehensive wealth and investing solution. Mogo’s payments business is managed through its subsidiary, Carta Worldwide, which serves primarily the European market with modern card issuing and processing solutions.
YTD Price Performance: -11.46%
Average Trading Volume: 86,696
Technical Sentiment Signal: Sell
Current Market Cap: C$41.6M
Learn more about MOGO stock on TipRanks’ Stock Analysis page.