Good Gaming Inc (GMER) Stock Soars 24%: What’s The Buzz?

Gaming stocks have been on the radars of many investors over the past year and if you are currently in the hunt for a gaming stock, then it could be a good move to look into the Good Gaming Inc (OTCMKTS:GMER) stock. The stock has garnered handsome gains in recent times and on Thursday it was in action again as it soared by 24%.

However, it should be noted that there was no news about Good Gaming on Thursday that might have brought about this rally. It seems that the stock continues to rally on the back of the announcement made by the company with regards to the launch of a unique new game.

At the time the company announced that this new unique online game is going to allow the players to get profits by way of the company’s own cryptocurrency named GOO. Good Gaming produces these crypto tokens passively.

Right after the announcement was made the Good Gaming stock went on a strong rally. In addition to that, the company had also announced at the time that it was expanding its operations and was looking to get into the NFT or non-fungible token space. It is a stock that could be added to the watch lists.

Market Reaction:

On Thursday, GMER stock soared 24% to $0.22 with more than 2.21 million shares, compared to its average volume of 4.60 million shares. The stock has moved within a range of $0.1736 – 0.2200 after opening the trade at $0.1770 Over the past 52-week, the stock has been trading within a range of $0.0046 – 0.2495.