Enthusiast Gaming (TSE:EGLX) Stock Price Up 10% – Here’s Why

Enthusiast Gaming Holdings Inc. (TSE:EGLX) shares traded up 10% during trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 152,140 shares were traded during trading, an increase of 19% from the average session volume of 127,672 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Price Performance

The company has a debt-to-equity ratio of 17.07, a current ratio of 0.31 and a quick ratio of 1.21. The stock has a market capitalization of C$9.55 million, a price-to-earnings ratio of -0.10 and a beta of 2.16. The company has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.08.

Enthusiast Gaming (TSE:EGLX) last announced its quarterly earnings results on Thursday, November 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Enthusiast Gaming had a negative net margin of 79.88% and a negative return on equity of 69.48%. The firm had revenue of C$7.31 million for the quarter. On average, equities research analysts predict that Enthusiast Gaming Holdings Inc. will post -0.15 earnings per share for the current year.

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.