Enthusiast Gaming (TSE:EGLX) Shares Up 14.3% – Still a Buy?

Enthusiast Gaming Holdings Inc. (TSE:EGLX – Get Free Report) shares rose 14.3% during mid-day trading on Wednesday. The stock traded as high as C$0.04 and last traded at C$0.04. 151,880 shares changed hands during trading, an increase of 84% from the average daily volume of 82,719 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock Performance

The stock has a market capitalization of C$7.26 million, a P/E ratio of -0.16 and a beta of 1.07. The stock has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. 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.

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.

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