In last trading session, the stock price of SPYR Inc (OTCMKTS:SPYR) jumped 56% to close the day at $0.390. The gains came at a share volume of 261,695 compared to average share volume of 29,481. SPYR market cap stands at $62.20 million.
SPYR issued a Press Release highlighting on its previously reported agreement to publish Pocket Starships, which is a Massively Multiplayer Online game through its subsidiary firm SPYR APPS, LLC. Earlier in January, the company reported its deal with Spectacle Games to release Pocket Starships, a cross-platform (Mobile and PC) MMO game.
In these new game players can establish and pilot several starships in space battles, engage players and build strong alliances. Players can even battle against and with other players across globe on a pursuit for galactic domination. Since the start of 2016, Spectacle has been working on updates for the MMO game and SPYR has been developing its marketing plan. The combination of these measures is projected to result in considerably increased user growth and revenue.
MMOs are popular online games, mainly, because they permit players from across globe to compete with each other on a real time platform. In addition, this large scale game generates highest average revenue per consumer and creates some of the largest user bases in the digital games industry. Pocket Starships is a combination of cross-platform and real-time play, indicating that users of Pocket Starships are playing in real time on web-based hardware and mobile, and all platforms (Kindle, Windows, iOS, Android).
Paul Thind of SPYR mentioned that Pocket Starships is a game that can be played by users in real time on tablets, desktop, laptop computers or mobile phones. This unique aspects of game will enable company to market the real-time game to a larger audience compared to other available games.