Enthusiast Gaming (TSE:EGLX) Stock Price Down 25% – Should You Sell?

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

Enthusiast Gaming Stock Down 12.5%

The company has a debt-to-equity ratio of 534.05, a quick ratio of 1.21 and a current ratio of 0.16. The firm has a market capitalization of C$5.57 million, a P/E ratio of -0.05 and a beta of 1.00. The stock has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05.

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.