Shares of India-focused esports operator Mobile Global (NASDAQ:MGAM) are rallying today after the company’s recent quarterly showing.
The company went public in July raising $6.9 million in gross proceeds. During the quarter ended June 30, it did not generate any revenue and incurred R&D expenses of $46,480.
After a tepid listing, MGAM shares have now climbed nearly 50% this week.
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