Enthusiast Gaming (TSE:EGLX) Shares Up 30% – What’s Next?

Enthusiast Gaming Holdings Inc. (TSE:EGLX) traded up 30% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 273,079 shares traded hands during mid-day trading, an increase of 198% from the average session volume of 91,612 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Stock Performance

The stock’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a current ratio of 0.13, a quick ratio of 1.21 and a debt-to-equity ratio of 8,938.80. The stock has a market cap of C$9.55 million, a price-to-earnings ratio of -0.21 and a beta of 1.15.

Enthusiast Gaming (TSE:EGLX) last posted its earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share for the quarter. Enthusiast Gaming had a negative net margin of 113.80% and a negative return on equity of 982.61%. The company had revenue of C$9.44 million for the quarter. Analysts forecast that Enthusiast Gaming Holdings Inc. will post -0.15 earnings per share for the current fiscal 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.