Esports Entertainment Group (NASDAQ:GMBL) Trading Down 21% – Here’s What Happened

Shares of Esports Entertainment Group, Inc. (NASDAQ:GMBLGet Free Report) fell 21% on Friday . The company traded as low as $0.23 and last traded at $0.27. 8,439 shares were traded during trading, a decline of 91% from the average session volume of 89,686 shares. The stock had previously closed at $0.34.

Esports Entertainment Group Stock Performance

The business has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.47.

Esports Entertainment Group Company Profile

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Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry.

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