Esports Entertainment Group (NASDAQ:GMBL) Trading 18% Higher – Still a Buy?

Shares of Esports Entertainment Group, Inc. (NASDAQ:GMBLGet Free Report) shot up 18% on Friday . The company traded as high as $0.29 and last traded at $0.29. 1,544 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 4,554 shares. The stock had previously closed at $0.24.

Esports Entertainment Group Stock Up 18.0%

The business has a fifty day simple moving average of $0.26 and a two-hundred day simple moving average of $0.26.

Esports Entertainment Group Company Profile

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Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry.

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