In South Asia, e-sports tournaments are emerging among students, and MoGo (Nasdaq: MGAM) sees an advantageous opportunity to monetize these events. Especially, in India, the company conducts various e-sports events including global CEX tournaments among the strongest champions.
Two months ago MoGo made its first debut by raising more than $60 million. By claiming itself as global ironically MoGo wants to be the first mobile game company in India and other South Asian countries including Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, and others.
Without news MGAM shares are surging steeply by 35% at the time of writing and being mostly demanded by investors who already traded more than 30 million volume today.