Enthusiast Gaming Holdings Inc Director Adrian Taylor Montgomery Acquires 50,000 Shares

Enthusiast Gaming Holdings Inc. (TSX.V:EGLX)(OTCQB:EGHIF)(“Enthusiast Gaming” or the “Company”) Director Adrian Taylor Montgomery acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of C$1.99 per share, with a total value of C$99,500.00. Following the completion of the acquisition, the director now owns 3,193,700 shares in the company, valued at approximately C$6,355,463.

Shares of Enthusiast Gaming stock opened at C$2.17 on Tuesday. The company has a debt-to-equity ratio of 436.86, a current ratio of 0.38 and a quick ratio of 0.35. Enthusiast Gaming Holdings Inc has a fifty-two week low of C$0.67 and a fifty-two week high of C$2.85. The firm has a fifty day moving average price of C$2.12 and a two-hundred day moving average price of C$1.70. The company has a market cap of $141.25 million and a PE ratio of -4.37.

Separately, Canaccord Genuity set a C$3.60 price target on shares of Enthusiast Gaming and gave the company a “speculative buy” rating in a report on Thursday, September 19th.

About Enthusiast Gaming

Enthusiast Gaming Holdings Inc. (TSX.V:EGLX)(OTCQB:EGHIF), a digital media company, develops and operates an online community of video gamers worldwide. As of February 6, 2019, the company had a platform of approximately 80 owned and affiliated Websites. It also owns and operates Enthusiast Gaming Live Expo, a gaming expo. The company was founded in 2014 and is based in Toronto, Canada.

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