Enthusiast Gaming (TSE:EGLX) Shares Up 20% – Here’s Why

Enthusiast Gaming Holdings Inc. (TSE:EGLX – Get Free Report) was up 20% on Thursday. The stock traded as high as C$0.04 and last traded at C$0.03. 109,131 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 81,896 shares. The stock had previously closed at C$0.03.

Enthusiast Gaming Price Performance

The company has a debt-to-equity ratio of 2,200.89, a current ratio of 0.09 and a quick ratio of 1.21. The firm has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The firm has a market cap of C$6.35 million, a PE ratio of -0.16 and a beta of 1.09.

Enthusiast Gaming Company Profile

(Get Free Report)

Enthusiast Gaming builds tools, platforms, and experiences that make every moment of play more meaningful. Its portfolio of owned and operated digital properties includes some of the most recognizable names in gaming, such as U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, as well as the global B2B event series PocketGamer Connects. Through these assets, Enthusiast Gaming generates revenue from programmatic advertising, subscriptions, and events, and is focused on expanding its owned IP and deepening direct engagement with its audience.

Further Reading

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