MGO Global (NASDAQ:MGOL) Trading Down 33.8% – Here’s What Happened

MGO Global, Inc. (NASDAQ:MGOLGet Free Report)’s stock price dropped 33.8% on Friday . The stock traded as low as $0.33 and last traded at $0.31. Approximately 106,099,674 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 191,363,584 shares. The stock had previously closed at $0.47.

MGO Global Stock Performance

The firm’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $1.80. The firm has a market capitalization of $894,432.00, a price-to-earnings ratio of -0.07 and a beta of 7.26.

About MGO Global

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MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.

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