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

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

Enthusiast Gaming Price Performance

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 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 firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.05.

Enthusiast Gaming Company Profile

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.