NFT Gaming (NASDAQ:NFTG) Shares Up 8.3%

The NFT Gaming Company, Inc. (NASDAQ:NFTG) shot up 8.3% during trading on Friday . The company traded as high as $0.34 and last traded at $0.33. 264,442 shares changed hands during trading, a decline of 48% from the average session volume of 508,255 shares. The stock had previously closed at $0.30.

NFT Gaming Stock Performance

The stock has a 50-day simple moving average of $0.42 and a 200 day simple moving average of $0.62.

Institutional Investors Weigh In On NFT Gaming

An institutional investor recently bought a new position in NFT Gaming stock. Bank of Montreal Can purchased a new stake in shares of The NFT Gaming Company, Inc. (NASDAQ:NFTG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 65,680 shares of the company’s stock, valued at approximately $45,000. Bank of Montreal Can owned about 0.54% of NFT Gaming at the end of the most recent reporting period. 0.73% of the stock is owned by hedge funds and other institutional investors.

NFT Gaming Company Profile

The NFT Gaming Company, Inc develops, designs, acquires, and manages games that offer non-fungible tokens. The company develops a digital gaming platform, which provides the company's proprietary games, as well as games developed and published by third parties under the Gaxos name. The company was incorporated in 2021 and is based in Roseland, New Jersey.