Enthusiast Gaming (TSE:EGLX) Trading Down 25% – Here’s What Happened

Enthusiast Gaming Holdings Inc. (TSE:EGLX)’s stock price was down 25% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 782,021 shares were traded during mid-day trading, an increase of 1,297% from the average daily volume of 55,986 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock Down 12.5%

The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. The company has a market cap of C$5.57 million, a price-to-earnings ratio of -0.05 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 0.16 and a debt-to-equity ratio of 534.05.

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.