Enthusiast Gaming (TSE:EGLX) Trading Up 9.7% – Should You Buy?

Enthusiast Gaming Holdings Inc. (TSE:EGLX)’s share price shot up 9.7% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. 603,355 shares traded hands during mid-day trading, an increase of 290% from the average session volume of 154,557 shares. The stock had previously closed at C$0.16.

Enthusiast Gaming Stock Performance

The firm’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.14. The stock has a market capitalization of C$26.47 million, a price-to-earnings ratio of -0.29 and a beta of 1.53. The company has a debt-to-equity ratio of 17.07, a quick ratio of 1.21 and a current ratio of 0.31.

Enthusiast Gaming Company Profile

Enthusiast Gaming Holdings Inc, an integrated gaming entertainment company, engages in the media, content, entertainment and esports, and subscription businesses in the United States, Canada, England and Wales, and internationally. It owns and operates approximately 50 websites that contain news, reviews, videos, live streams, and other video-gaming related content, and casual games.