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

Enthusiast Gaming Holdings Inc. (TSE:EGLX) shares rose 12.5% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 64,615 shares were traded during trading, a decline of 27% from the average daily volume of 88,978 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Price Performance

The company has a market capitalization of C$7.96 million, a price-to-earnings ratio of -0.18 and a beta of 1.15. The company has a debt-to-equity ratio of 2,565.18, a current ratio of 0.15 and a quick ratio of 1.21. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.05.

Enthusiast Gaming (TSE:EGLX) last issued its quarterly earnings results on Tuesday, April 14th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$8.05 million for the quarter. Enthusiast Gaming had a negative net margin of 117.55% and a negative return on equity of 287.94%. On average, research analysts expect 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.