Shares of MySQUAR (LON:MYSQ) rose 24.5% on Friday . The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.53 ($0.02). Approximately 16,023,096 shares changed hands during mid-day trading, an increase of 124% from the average daily volume of 7,160,000 shares. The stock had previously closed at GBX 1.23 ($0.02).
Separately, Beaufort Securities restated a “speculative buy” rating and issued a GBX 21 ($0.29) target price on shares of MySQUAR in a research report on Thursday, January 4th.
MySQUAR Limited, the Myanmar-language social media, entertainment, and payments platform that provides Internet-based mobile applications in the British Virgin Islands. The company designs, develops, and commercializes Internet-based and mobile services, including social networks, mobile messaging applications, digital contents, mobile games, online advertising, online news aggregation, mobile payment, ecommerce, etc.
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