Why the PlaySide (ASX:PLY) share price leapt 8% this morning

The PlaySide (ASX: PLY) share price is on the rise. We look at what news the ASX game developer announced today.

| More on:
Cheerful Father And Son Competing In Video Games At Home

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The PlaySide Studios Ltd (ASX: PLY) share price is on the rise today, up 5.3% at the time of writing after earlier posting gains of 8%.

PlaySide is a newcomer to the ASX, with shares first trading on 17 December last year.

We take a look at the ASX game developer's latest video game launch announcement below.

What did PlaySide report today?

PlaySide shares are moving higher after the company advised it has launched a follow-up to its successful Animal Warfare game. The new game in its Warfare franchise, Toy Warfare, is going global, available in 170 countries on the Apple App Store and Google Play Store.

The company revealed that Animal Warfare has already scored 7.7 million downloads and continues to sell well on the US Apple App Store. It's ranked 18 in the strategy genre.

According to PlaySide, players of the new Toy Warfare can "merge and level up dozens of different cute, cuddly and somewhat aggressive toys including action figures, remote control cars, and teddy bears that are sent into epic battles to win gold, glory and the occasional bragging rights".

PlaySide developed both Warfare games with its WARkit system. The company said it expects to use WARkit, which enables the rapid design and development of additional warfare titles, to develop more titles in the future.

Since its initial public offering (IPO) in December, PlaySide has launched 3 original IP titles. Atop Toy Warfare, these include Idle Area 51 and Garbage Truck 3D!!!

PlaySide share price snapshot

ASX newcomer PlaySide Studio's share price is up 52% since it began trading on the ASX in mid-December. Over that same time, the All Ordinaries Index (ASX: XAO) has gained 1%.

The PlaySide share price is down 10.3% so far in 2021.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another strong showing from the share market today.

Read more »

Three miners looking at a tablet.
Resources Shares

Own ASX mining shares? Experts say an upswing in commodity prices has begun

HSBC economists Paul Bloxham and Jamie Culling explain why global commodity prices are rising.

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Brambles, Lifestyle Communities, Northern Star, and Select Harvests shares are sinking

These shares are having a tough session. But why?

Read more »

A young woman sits at her desk in deep contemplation with her hand to her chin while seriously considering information she is reading on her laptop
Share Market News

Will the Reserve Bank wait for the US Fed to cut interest rates first?

Here's when AMP thinks interest rates will be cut in the US, Australia, New Zealand, Canada and the Eurozone.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Healthco Healthcare, Medadvisor, Ramsay Health Care, and Tamboran shares are rising

These shares are having a strong session. But why?

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Share Gainers

If you invested $6,000 in Mesoblast shares a month ago you'd have $15,636 now!

Mesoblast shares have been on a tear this past month. But why?

Read more »

Gold bars on top of gold coins.
Gold

Is it too late to buy gold as an investment in 2024?

Can we still take advantage of gold at new record highs?

Read more »

A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate
Mergers & Acquisitions

Wesfarmers shares baulk on fresh acquisition gossip

A healthcare company gone nowhere in a decade might be on Wesfarmers' radar.

Read more »