In recent years, the eSports industry has managed to grow at a remarkably fast clip and it is no surprise that investors are often on the lookout for options in that sector.
One of the stocks that one could look into this week is that of the emerging eSports heavy hitter GGTOOR Inc (OTCMKTS:GTOR), which saw its stock soar by as much as 14% on Monday. It is easy to see why the stock soared on Monday. This past weekend the company announced that it launched as many as three distinct over time tournaments. The three over time tournaments in question are Clash of Clans, PubG Mobile and Garena Free Fire.
While the launch of these three games was a major development, it is perhaps more important to keep in mind that the three over time tournaments managed to draw as many as 1500 registrations combined. On the other hand, it is also necessary to keep in mind that the COVID 19 situation remains a problem for the growth of eSports tournaments and hence, GGTOOR is also looking for ways to grow its presence without any exposure to the virus. Investors could consider keeping an eye on it over the coming days.