Enthusiast Gaming (TSE:EGLX) Shares Down 12.5% – Should You Sell?

Enthusiast Gaming Holdings Inc. (TSE:EGLXGet Free Report) shares were down 12.5% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.04. 799,921 shares traded hands during trading, an increase of 885% from the average session volume of 81,207 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Price Performance

The firm has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.05. The firm has a market capitalization of C$6.35 million, a P/E ratio of -0.16 and a beta of 1.07. The company has a current ratio of 0.09, a quick ratio of 1.21 and a debt-to-equity ratio of 2,200.89.

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.

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