Enthusiast Gaming (TSE:EGLX) Shares Down 12.5% – Should You Sell?

Enthusiast Gaming Holdings Inc. (TSE:EGLXGet Free Report)’s stock price was down 12.5% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. 172,891 shares changed hands during trading, an increase of 110% from the average session volume of 82,331 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Price Performance

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 company has a market capitalization of C$6.35 million, a P/E ratio of -0.16 and a beta of 1.07. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average 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.

Further Reading

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