Gfinity (LON:GFIN) Trading 18.2% Higher – Here’s Why

Gfinity plc (LON:GFINGet Free Report)’s share price shot up 18.2% during mid-day trading on Wednesday . The company traded as high as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 5,562,754 shares were traded during trading, a decline of 77% from the average session volume of 23,999,627 shares. The stock had previously closed at GBX 0.06 ($0.00).

Gfinity Stock Down 3.3 %

The company’s fifty day simple moving average is GBX 0.06 and its 200 day simple moving average is GBX 0.03. The firm has a market capitalization of £3.13 million, a P/E ratio of -0.29 and a beta of 0.40. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91.

Gfinity (LON:GFINGet Free Report) last issued its quarterly earnings data on Monday, January 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Research analysts expect that Gfinity plc will post 20 EPS for the current year.

About Gfinity

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Gfinity (LON: GFIN) is a leading international esports business. Created by gamers for the world’s 2.2bn gamers, Gfinity has a unique understanding of this fast-growing global community.

It uses this expertise to provide both advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways.

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