Over the course of the past decade or so, the eSports industry has grown at a fairly fast clip and it is expected to grow further in the year to come. In this situation, it is only natural that a large number of investors are on the lookout for eSports companies to invest in and there are now some options as well in the public markets. One of the companies that investors could consider looking into at this point is GGTOOR Inc (OTCMKTS:GTOR).
Trading Data
On Tuesday, GTOR stock moved up 2.14% to $0.0287 with more than 1.55 million shares, compared to its average volume of 4.27 million shares. The stock moved within a range of $0.0270 – 0.0319 after opening trade at $0.0300.
About The Company
GGTOOR Inc is a highly innovative eSports company and is currently working on making a major entry into the metaverse. As a matter of fact, it has purchased as many as 2144 parcels of land on the metaverse and is looking to create a virtual city that is going to be named GGTOORCITY.
On the other hand, it is also important to note that GGTOOR has organized as many as 220 video game tournaments and handed out in excess of $100000 in cash prizes. In addition to that, the website GGTooor.com is being fine-tuned, upgraded, and improved on a consistent basis thereby making it one of the most advanced gaming portals on the internet at this point.
GGTOOR, Inc. (OTCMKTS:GTOR) Announces Management Report for the Week Ended July 2, 2022
The company was in the news on Tuesday after it released its management report for the week that had ended on July 2, 2022. Investors could do well to take a look at some of the highlights from the report in order to get a good idea of how GGTOOR is getting on.
The company announced that the player registrations for the week’s events remained strong. One of the more popular tournaments proved to be Pokemon VGC which drew as many as 373 player registrations and out of those, as many as 120 were first-time registrants. On the other hand, the Super Smash Brothers tournament recorded a 56% rise in registrations. Next week, the Metaverse Expo 2022 is going to be held at the Las Vegas Convention Center and the company is going to be in attendance.
Technical Data
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0351 and $0.0307 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0280.
