Enthusiast Gaming (TSE:EGLX) Stock Price Down 16.7% – Here’s What Happened

Enthusiast Gaming Holdings Inc. (TSE:EGLX – Get Free Report) shares fell 16.7% during trading on Monday. The company traded as low as C$0.03 and last traded at C$0.03. 349,518 shares traded hands during trading, an increase of 333% from the average session volume of 80,744 shares. The stock had previously closed at C$0.03.

Enthusiast Gaming Price Performance

The firm has a market capitalization of C$5.45 million, a PE ratio of -0.16 and a beta of 0.82. 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. The company has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of 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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