The eSports market has been growing at an impressive clip over the course of the past few years and one of the companies in the sector that you could consider looking into today is GGTOOR Inc (OTCMKTS:GTOR).
Trading Data
On Tuesday, GTOR stock rose 2.64% to $0.0233 with more than 962.77K shares, compared to its average volume of 4 million shares. The stock moved within a range of $0.0216 – 0.0244 after opening trade at $0.0224.
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended August 27, 2022
Yesterday, the GGTOOR stock managed to gain momentum after a key announcement from the company and it may be a good move to take a look into it. GGTOOR announced yesterday that during the course of the previous weekend it had offered as many as 7 tournaments. More importantly, those seven tournaments clocked registrations to the tune of as many as 1650 players.
The most popular tournament proved to be Clash of Titans, which managed to attract as many as 600 registrations. However, that was not all. The company also noted that during the weekend it had managed to successfully complete its first-ever Valorant tournament.
On the other hand, GGTOOR also noted that it’s Pokemon Unite tournament had managed to clock a month-to-month rise of 34% in terms of player registrations. It should also be noted that GGTOOR has also started broadcasting some of its tournaments on leading platforms like Twitch, Facebook, and YouTube.
Technical Data
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0247 and $0.0277 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0259. The company has a total market capitalization of $23K.
