Boston, MA 06/03/2013 (wallstreetpr) – The share prices of Shanda Games Limited ADR (NASDAQ:GAME) had gained by 9.28 percent to close at $4.12 per share for the last trading session on Friday. The shares of the company had been trading in the range of $3.80 to $4.15 per share during the day before closing at $0.35 per share higher than the previous close on Thursday. The shares of Shanda Games Limited ADR (NASDAQ:GAME) had recorded 52 week high price of $4.40 per share and 52 week low price level of $2.68 per share.
Shanda Games Limited ADR (NASDAQ:GAME) with its operations in People’s Republic of China had been developing and operating online games and related businesses in the region. The company had developed some of its online games to be Web games, which are categorized as either massively multi player online role playing games (MMORPG) or as advanced casual games, rather than as separate category of online games.
The game player base of Shanda Games Limited ADR (NASDAQ:GAME) had been at 20.4 million average active monthly users and at 4.5 million average monthly paying users. The company had recently acquired 51.85 percent interest in the online game operating company which provides services in South East Asia.
The shares of Shanda Games Limited ADR (NASDAQ:GAME) had surged in their trading volumes to touch 1.55 million shares on Friday, while the average trading volume of the company is at 680,439 shares per day. The company presently has 273.94 million shares outstanding in the market with 15 percent institutional ownership.
