Playgon Games Inc. (OTCMKTS:PLGNF) was up 8% after the company announced that NetworkNewsWire had placed it in an editorial titled “Digitization Reshaped ecommerce First, Now Moving to Online Gaming.”
Trading Data
On Friday, PLGNF stock surged 8.40% at $0.28 with more than 3.5K shares, compared to its average volume of 29.81K shares. The stock has moved within a range of $0.2800 – 0.2873 after opening trade at $0.2873.
Laser Focused on B2B iGaming Market
NetworkNewsWire is among the over 50 trusted brands within the InvestorBrandNetwork, which is a multifaceted financial publishing and news company for public and private entities. Ecommerce can be tracked to decades back and has been sluggish up to the 2000s, and over the last ten years, it has accelerated.Also, online gaming has been following a similar trend. Online gaming history dates back to decades, but it is now in the growth phase that it will navigate synonymous with a hockey stick.
There are several approaches to leverage what is seen as parabolic growth in the sector. For example, during the California gold rush, more merchants became millionaires relative to miners, and servicing companies offering consumer gaming will be one way of cashing a ticket. Among the companies to benefit is Playgon, which focuses on the B2B market, creating and licensing exquisite digital content for the iGaming sector.So, PLGNF is worth watching.
Technical Data
PLGNF stock is trading above the 10-Day and 50-Day Moving averages of $0.2626 and $0.2687 respectively. However, the stock is trading below the 200-Day moving average of $0.3185. The stock is up 22% in the past week.
