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What Motivated The EGLX Stock To Continue The Rally After Hours?

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In after-hours trading, shares of media and content platform for video game and esports fans to connect and engage, Enthusiast Gaming Holdings Inc. (EGLX) were trading at $5.35, up 6.57% from the close. Gaming enthusiast stock ended Tuesday’s session up 8.42% at $5.02. Within the past 50 days, EGLX’s average daily volume has been 0.84 million shares, which is higher than the volume of 0.58 million shares traded on the day.

Since the beginning of the year, the share price of EGLX has gained 332.76%, and in the past week, the price has risen by 4.37%. EGLX stock has fallen -41.90% over the past three months, and -9.23% during the past six months. Moreover, EGLX currently has a market capitalization of $626.34 million with 124.77 million outstanding shares. A new board appointment continued to drive EGLX stock higher in extended trading following the regular session.

Who has been appointed by EGLX?

Enthusiast Gaming builds the largest platform of video game and esports content available for connecting and engaging users worldwide. EGLX offers an integrated approach to reach and interact with the coveted GenZ and Millennial audience by combining the elements of its four core pillars of Media, Talent, Esports, and Experiences. In addition to providing a vast network of like-minded communities, EGLX’s proprietary mix of digital media and entertainment assets enables it to tailor the content and experience to the audience.

Mr. John Albright was announced yesterday as the newest member of the Board of Directors and Audit Committee at Enthusiast Gaming. John is the Managing Partner and Co-Founder of Relay Ventures, a venture capital firm that invests in North American startups and growth enterprises.

A Toronto-based venture capital firm founded in 2008, Relay Ventures has a significant presence in San Francisco as well. John has shaped the visions and capital plans of countless entrepreneurs for long-term, sustainable growth throughout his career. In finance, he has spent several years as a venture capitalist and private equity investor and has helped entrepreneurs obtain seed funding through IPOs and M&A advisory.

Why is the new appointment important for EGLX?

John Albright’s additional involvement on the Board of Directors will benefit EGLX as it strives to become the world’s largest platform for gamers and esports enthusiasts. As a business leader with extensive experience in scaling businesses, John brings to Enthusiast Gaming (EGLX) a wide range of skills in the area of media, technology, innovation, and gambling. Having a passion for what EGLX is building gives John a unique perspective that will be crucial for guiding EGLX toward its growth objectives.

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