GGTOOR Inc (OTCMKTS:GTOR) Releases Management Report for October 2021
Shares of Ggtoor Inc (OTCMKTS:GTOR) continues to trade in range after the recent fall.
Market Stats
On Monday, GTOR stock lost 2.19% at $0.0268 with more than 427.20K shares, compared to its average volume of 4.64 million shares. The stock has moved within a range of $0.0255 – 0.0275 after opening the trade at $0.0261.
Management Report for the Week Ended October 30, 2021
Great news for the eSports company Ggtoor Inc (OTCMKTS:GTOR)! In the last 3 months, it has clocked 16,000 registrations for its events, with an average of over 5,000 per month. Even their Discord membership posted a net gain of over 1,500 more people, bringing the total tally to over 14,000 current members, in the month of October.
Winners for four different games were announced this week, with more than one drawing over 400 registrations each, which means the weekly figure shot up to 1,400. There has been a growth of the company’s Twitch Viewership too – it has grown 40% compared to September. By the end of October, there have been over 20,000 unique Twitch viewers.
Thousands of participants are choosing the company’s offerings as a coveted destination to play their favorite games. According to the Newzoo, revenue is likely to hit $1.8 billion by 2022. eSports earns money through media rights, live event ticket sales, merchandise sales, and in-game purchases. But the lion’s share comes from sponsorships and advertising.
CEO John V Whitman Jr., states that the company is experiencing an excellent phase in terms of growth. He stresses that shareholders hold the ultimate power when it comes to contributing to the growth of GGTOOR, and the eSports market too.
Key Quote
John V Whitman Jr. had this to say: “Our Company continues to experience tremendous growth. The rate we bleed cash is improving every single month, but we still need help from our shareholders. I often wonder if shareholders, even the individual who owns ten shares, understands how much impact they can have on the success of the Company. Our Shareholders have all the Power!
Traders Corner
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0319 and $0.0384 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0485. The stock is down 22% in the past month.
