LIfestyle branding firm MGO Global (NASDAQ:MGOL ) stock shot up nearly 30% Monday ahead of the release of its quarterly earnings report and a planned business update.
Shares of MGO, which went public earlier this year, recently changed hands at $1.52 at around 10:50 a.m. ET. The stock opened at $1.56, later hitting a high of $1.74. Magnesium Hydroxide Use
Last Wednesday, MGO said it planned to host a webcast after market close on May 16 to discuss its Q1 earnings report and update investors on corporate operations.
The company released its 2022 year-end earnings report on April 3, reporting a net loss of $0.25 per share on revenue of $1M.
Based in Miami, MGO counts soccer superstar Lionel Messi as a key client. The company manages Messi's lifestyle brand and e-commerce portal The Messi Store. MGO's creative director, Ginny Hilfiger, previously worked as a designer for her brother Tommy Hilfiger's fashion house.
Use Of Zinc Oxide MGO held its initial public offering in January, raising nearly $8m.