Canadian mobile gaming company, i3 Interactive Inc, recorded over 45,000% growth in share price after yesterday’s trading session.
This comes after the company shed spotlight on its Investment on Moonshine Technology, on Tuesday, operating as Baazi Games which can be said to trigger investors buy-interests as we see a massive rally in the shares of the gaming company.
i3 Interactive shares resumed trading at $0.0001, trading its highest for the day at $0.1400 and closing the trading session at $0.0452, reflecting over 45,000% appreciation.
The company deals in the development and provision of online and mobile gaming platforms in Canada, as well as the United Kingdom and India. Its platform offers social gaming, sports betting, and casino products.
Prior to now, trading in the shares of the company was halted in April 2021 as a result of a binding agreement with the intent to merge with a leading company “Target” in the online gaming space in India.
However, days ago, the company announced an update on its investment in another company, Moonshine Technology Private Limited, operating as Baazi Games.
i3 Interactive invested an amount of $5MM USD for a minority stake in Baazi Games, a leading online gaming conglomerate in India. The said transaction has been consummated and the parties have mutually agreed not to pursue any discussions regarding a follow-on investment.
Following this disclosure, i3 Interactive Inc shares have now resumed trading.