Good Gaming (GMER) Stocks Hits Another High: A Bullish Sign?

Gaming stocks have been on the radars of many investors over the past year or so and if you are currently looking into the possibility of tracking any gaming stock, then you could do well to take a look at the Good Gaming Inc (OTCMKTS:GMER) stock.

There was no news about the company yesterday but the rally in the stock continued as it soared by 34% and took its gains for the past month to as much as 185%. The rising interest in the Good Gaming stock could be related to an announcement from the company back in May 27, 2021 with regards to the launch of a unique online game.

At the time, the Chief Executive Officer of the company David B. Dorwart stated that the game is unique because it is also going to help players in generating profits through the GOO, the cryptocurrency that is passively produced by Good Gaming.

This announcement led to considerable excitement about the newly launched game from the company and the stock soared. However, that is not all. The company also announced at the time that it was looking to expand its cryptocurrency operations and was also going to get into the non-fungible tokens space.

Market Reaction:

On Tuesday, GMER stock soared 34.40% at $0.2555 with more than 4.4 million shares, compared to its average volume of 4.72 million shares. The stock had moved within a range of $0.1900 – 0.2700 after opening the trade at $0.20. Over the past 52-week, the stock has been trading within a range of $0.0046 – 0.2700.

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