Crooz Shares Soar as ACR Drift Selected “Best New Title” in 89 Countries

Posted 16:55 EST on 21FEB2014 by: indie navi news staff in news » acr drift, crooz, financial reports

February 21st: shares in Crooz met the company’s maximum allowable single-day gain of 700 yen to finish at 5,500 yen ($55.00) apiece. This is a rise of 14.6 percent from the previous day’s final share price.

Throughout the morning of the 21st, Crooz’s share price vacillated on the combination of high expectations of ACR Drift (released February 20th) and concerns that the company’s large-scale procurement of funds would dilute share value.

However, around 13:00 reports began to circulate that ACR Drift had been selected for “best new app” in the App Store of 89 different countries, rocketing Crooz’s share price from just shy of 4,800 yen to its allowed single-day limit of 5,500 yen, in the space of 15 minutes.

Image source: Social Game Info

Titles selected as “best new app” are well-placed on the App Store, so it’s reasonable to expect that the title will receive a large number of downloads over the weekend. In turn this will likely translate into positive word-of-mouth buzz for ACR Drift, which had already been receiving attention for its intuitive controls and slick 3D graphics.

News source: Social Game Info