GAME’s share price has begun to rise dramatically with investors sensing a strong recovery over the next 24 hours.
Stock is currently trading at 3.20p, an increase of over 50 per cent. It even reached as high as 3.7p in the minutes after the markets opened.
Earlier this week the stock briefly fell to just 0.5p.
Analyst chatter suggests that the stock could climb as high at 6p by the end of the day. Demand for GAME shares is also said to be dramatically outstripping supply, by a ratio of nearly 2-1.
Walmart is rumoured to have offered to acquire the company for 12p per share, though investor Blueshore Global – which currently owns about eight per cent of GAME – believe that is under valuing the firm.