DRP Journal

Discover Research Profit

Finance 

GGTOOR Inc. (OTCMKTS:GTOR) Stock On Radar After Weekly Management Report

Ash K , , , ,

GGTOOR Inc. (OTCMKTS:GTOR)  announced on October 11, 2022, about tracking new player registrations in 2020, months after the first tournament and the development of GGToor.com 1.0. Till date, the company has exceeded 82,000 unique player registrations, up from 70,000, only a couple of months back.

Trading Data

On Tuesday, GTOR stock lost 0.76% to $0.0131 with 411.26K shares, compared to volume of 1.38 million shares. The stock moved within a range of $0.0120 – 0.0131 after opening trade at $0.0127.

GGTOOR, Inc. (OTCMKTS:GTOR) Announces Management Report for the Week Ended October 8, 2022

This is an important metric because it demonstrates how the company continues to attract new players to the GGToor line-up of tournament offerings. The company is doing well when it comes to player retention too – year to date, it is averaging 40% new players to 60% repeat players for each event for the entire year. In 2022, there have been around 40,000 new player registrations.

Shareholders are extremely interestedabout the final closing of Nerdland – anticipated to generate a revenue of $7.2 million. Nerdland is projected to close on or before the end of October. Nerdland has progressed in securing its funding and has signed agreements in place which validate the final step is just days away.

Management of GTOR has entered into a NDA and is reviewing materials for a possible addition to the Web3 and Metaverse businesses the company is currently engaged in. It is streaming content from its events regularly, and developing its own content and media network (content will include interviews with players, industry news, new game releases and news on Metaverse and Web3).

GGTOOR has witnessed steady growth for its content outlets; the unique viewership of the corporate Twitch channel grew 150% from June to July, the corporate Facebook channel saw a 268% increase in likes from July to August, and the corporate YouTube channel saw the number of unique viewers increase by 143% from July to September.

Traders Corner

GTOR stock is trading above the 20-Day and 50-Day Moving averages of $0.0150 and $0.0196 respectively. However, the stock is trading below the 200-Day moving average of $0.0243.