Enthusiast Gaming (TSE:EGLX) Stock Price Down 12.5% – Here’s Why

Enthusiast Gaming Holdings Inc. (TSE:EGLXGet Free Report)’s share price fell 12.5% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 172,891 shares traded hands during mid-day trading, an increase of 110% from the average daily volume of 82,331 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock 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 company has a market cap of C$6.35 million, a price-to-earnings ratio of -0.16 and a beta of 1.07. The business’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.05.

About Enthusiast Gaming

(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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