Bragg Gaming Group Inc. (BRAG.V) (CVE:BRAG) Stock Jumps 3% – Here’s Why

Bragg Gaming Group Inc. (BRAG.V) (CVE:BRAG)’s stock price was up 3% during trading on Tuesday. The stock traded as high as C$2.41 and last traded at C$2.41. 1,336,291 shares traded hands during trading, a decline of 45% from the average daily volume of 2,424,880 shares. The stock had previously closed at C$2.34.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets cut their price objective on Bragg Gaming Group Inc. (BRAG.V) from C$6.80 to C$3.70 and set an “outperform” rating for the company in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$3.70.

Bragg Gaming Group Inc. (BRAG.V) Stock Performance

The stock’s 50-day moving average is C$2.41 and its 200-day moving average is C$2.41. The firm has a market capitalization of C$284.25 million and a price-to-earnings ratio of -12.96. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 135.94.

Bragg Gaming Group Inc. (BRAG.V) Company Profile

Bragg Gaming Group Inc provides B2B online gaming technology services worldwide. It offers turnkey solution, including an omni-channel retail, online, and mobile iGaming platforms, as well as casino content aggregator, lottery, marketing, and operational services. The company also provides GIVEMESPORT, a Facebook sport publisher; and GIVEMEBET, a sports book. Bragg Gaming Group Inc is headquartered in Toronto, Canada.