Enthusiast Gaming (TSE:EGLX) Trading 14.3% Higher – Should You Buy?

Shares of Enthusiast Gaming Holdings Inc. (TSE:EGLXGet Free Report) shot up 14.3% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 226,608 shares were traded during mid-day trading, an increase of 174% from the average daily volume of 82,697 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock Up 14.3%

The company has a quick ratio of 1.21, a current ratio of 0.09 and a debt-to-equity ratio of 2,200.89. The stock has a market cap of C$7.26 million, a PE ratio of -0.16 and a beta of 1.07. The business has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

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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