Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Gfinity's share price is on the rise on Tuesday after it announced the launch of Only Mobile Gaming! (OMG!), a mobile gaming website.
The site is the latest addition to the Gfinity Digital Media Group.
It will cover the latest news, features and entertainment-based content across the mobile gaming sector, including games such as Clash of Clans, Pokémon Go and Call of Duty.
Gfinity Digital Media has deployed a new team dedicated to integrating and growing the website using Gfinityesports.com's domain authority and existing user base, which has one million users.
The site will also be helped by the company's recent strategic advertising partnerships with companies such as Venatus.
John Clarke, Gfinity's CEO, said: “GDM is a key strategic pillar of growth for Gfinity. Having a strengthened and dedicated position in the popular mobile gaming space is key to accelerating its expansion.
“With mobile forecasted to generate $90 billion in 2021 – over half the global games market – we expect OMG! to become one of GDM's fastest growing sites, providing strong commercial opportunities. As we look to add more sites through organic growth and acquisitions, GDM will continue to drive strong financial performance across the group.”
Gfinity's share price rose to highs of 5.09p after the open on Tuesday. It is currently priced at 4.90p, up 1.49%.
Gfinity shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Gfinity shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .