Enthusiast Gaming (TSE:EGLX) Trading 12.5% Higher – Here’s Why

Enthusiast Gaming Holdings Inc. (TSE:EGLX)’s share price traded up 12.5% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 188,742 shares were traded during trading, an increase of 113% from the average session volume of 88,696 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock Up 25.0%

The firm has a market cap of C$7.96 million, a price-to-earnings ratio of -0.18 and a beta of 1.15. The company has a debt-to-equity ratio of 2,565.18, a quick ratio of 1.21 and a current ratio of 0.15. The business’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.05.

Enthusiast Gaming (TSE:EGLX) last announced its earnings results on Tuesday, April 14th. The company reported C($0.23) earnings per share (EPS) for the quarter. The firm had revenue of C$8.05 million for the quarter. Enthusiast Gaming had a negative return on equity of 287.94% and a negative net margin of 117.55%. On average, equities analysts predict that Enthusiast Gaming Holdings Inc. will post -0.15 EPS for the current year.

About Enthusiast Gaming

Enthusiast Gaming Holdings Inc is a gaming company building the media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides a engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience.