Enthusiast Gaming (TSE:EGLX) Shares Up 20% – Here’s What Happened

Shares of Enthusiast Gaming Holdings Inc. (TSE:EGLX) shot up 20% during mid-day trading on Thursday. The company traded as high as C$0.04 and last traded at C$0.03. 109,131 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 81,896 shares. The stock had previously closed at C$0.03.

Enthusiast Gaming Stock Up 40.0%

The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.05. The company has a debt-to-equity ratio of 2,200.89, a quick ratio of 1.21 and a current ratio of 0.09. The firm has a market capitalization of C$6.35 million, a PE ratio of -0.16 and a beta of 1.09.

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.