The coronavirus pandemic had come as a boost to many gaming companies since people had more time in their hands to indulge in gaming.
However, if you are currently looking into under the radar gaming stocks then you could consider tracking the Good Gaming Inc (OTCMKTS:GMER) stock. It has been one of the major gainers in the sector over the course of the past month and the rally continued on Thursday. Yesterday, the Good Gaming stock rallied strongly and jumped by 18%, to takes its gains over the course of the past month to as much as 577%.
There was no fresh news about the company yesterday but it seems that the announcement last month about the launch of its new online game has continued to push the stock price up.
Back on May 27, the company had announced the launch of a unique online game that will allow players to generate profits through the Good Gaming crypto token GOO. It should be noted that the cryptocurrencies are produced passively. At the same time, the company had also announced that it was expanding its business operations and looking to get into the highly lucrative non-fungible tokens or NFTs space soon.
Market Reaction:
On Thursday, GMER stock went up 18% to $0.2031 with more than 2.65 million shares, compared to its average volume of 4.42 million shares. The stock has moved within a range of $0.1748 – 0.2291 after opening the trade at $0.1748. Over the past 52-week, the stock has been trading within a range of $0.0046 – 0.2495.
 Stock Regains Momentum: How Far Can it Go?){kind=link}