Crooz Share Price Doubles in Seven Days

Posted 19:40 EST on 26FEB2014 by: indie navi news staff in news » acr drift, crooz, financial reports

February 26th: shares in Crooz continued to grow in value, ending the day at 7,000 yen ($70) per share, twice their value just one week ago. The rise in the value of shares in Crooz is attributed to high expectations for the company’s mobile racing title ACR Drift, which was promoted as “best new app” in the App Store in 89 different countries.

With this rise in share price, shares in Crooz have gone from their lowest price since mid-December to approaching a record high, doubling in value in the space of only seven days of trading.

However, indicative of concerns on the part of some investors that Crooz’s shares may be overvalued, the share price fell slightly toward the end of the day’s trading, and as of the morning of the 27th, Crooz’s share price is vacillating between 6,900 and 7,000 yen.

News source: Social Game Info