R8 Capital Investments (LON:MODE) Stock Jumps 25.5% – Here’s Why

R8 Capital Investments plc (LON:MODE) shares rose 25.5% during mid-day trading on Wednesday. The company traded as high as GBX 0.15 and last traded at GBX 0.14. Approximately 56,053,176 shares changed hands during trading, an increase of 2,264% from the average daily volume of 2,371,445 shares. The stock had previously closed at GBX 0.11.

R8 Capital Investments Trading Down 11.2%

The business’s 50-day simple moving average is GBX 0.15 and its 200-day simple moving average is GBX 0.80. The company has a market capitalization of £479,074.89, a PE ratio of 0.10 and a beta of -0.64.

R8 Capital Investments (LON:MODE) last released its quarterly earnings data on Wednesday, September 30th. The company reported GBX 0.96 EPS for the quarter.

About R8 Capital Investments

Mode’s objective is to become the go-to payments app in the UK for consumers and businesses wishing to use fiat and cryptocurrency for everyday transactions. Combining in house and third party technology with sleek designs, a regulated & LSE listed company, and innovative access routes into the crypto ecosystem, Mode’s aim is to drive the UK to be at the forefront of the financial evolution, and to position itself to become the most popular app for the general public to access crypto. In 2020, Mode became one of the first UK cryptoasset firms to be publicly listed with its IPO on the London Stock Exchange Main Market (Standard Listing).