Why the Emerge Gaming (ASX:EM1) share price is jumping 13% today
Aaron Teboneras | March 15, 2021 2:44pm |
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At the time of writing, the e-sports and gaming technology company’s shares are swapping hands for 4.3 cents, up 13.16%.
What’s pushing the Emerge Gaming share price higher?
The Emerge Gaming share price is soaring higher after the company revealed that it is attracting new subscribers.
In its announcement, Emerge Gaming advised that it has banked around $4.5 million from its platform subscriptions. With more than 300,000 paying subscribers between its MTN Arena and MIGGSTER platforms, the company aims to become the world’s largest online gaming community.
ASX stock of the day: Emerge Gaming (ASX:EM1) shares rocket more than 20%
Sebastian Bowen | December 16, 2020 3:29pm |
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Emerge Gaming Ltd(ASX: EM1) share price is rocketing today, up 19.4% at the time of writing to 8 cents. Emerge Gaming shares closed at just 6.7 cents yesterday, but opened at 7 cents today after a brief trading halt (more on that later), and climbed even higher afterwards, hitting 8.6 cents a share at one point.
Today’s move caps off what has been a wild few months for Emerge Gaming shares. As recently as May 2020, the company’s shares were trading for just 1 cent apiece. However, the shares spiked back in October, climbing as high as 19 cents, representing a year-to-date gain of 600% and a 1,300% gain since 25 May. On today’s prices, Emerge shares are still up 305% year to date, but also down more than 42% from October’s highs.