Gfinity (LON:GFIN) Shares Down 8.5% – Here’s What Happened

Shares of Gfinity plc (LON:GFIN) traded down 8.5% on Thursday . The stock traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). 37,742,430 shares traded hands during trading, a decline of 24% from the average session volume of 49,692,547 shares. The stock had previously closed at GBX 0.08 ($0.00).

Gfinity Stock Performance

The company’s fifty day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.08. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28. The company has a market capitalization of £3.38 million, a price-to-earnings ratio of -0.91 and a beta of 0.40.

Gfinity Company Profile

Gfinity (LON: GFIN) is a leading international esports business. Created by gamers for the world’s 2.2bn gamers, Gfinity has a unique understanding of this fast-growing global community.

It uses this expertise to provide both advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways.