GungoHo Online Entertainment Continues Upward Surge, Market Cap Exceeds Nintendo in Morning Trading

On the morning of May 13, GungHo Online Entertainment, Inc. (JASDAQ Standard) rose by its maximum allowable single day limit of 300,000 yen (approx. US$3,000). The stock increased 28.79 percent to 1.342 million yen (approx. US$13,420). The rise comes on the heels of a 17 percent gain on Friday, May 9.
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