GGTOOR Inc. (OTCMKTS:GTOR) fell 6% after the company announced that it would expand its Tournament Organizers roster this month to bring on board new major personnel for particular games that the company had run previously like Super Smash Brother Ultimate, Magic: The Gathering Arena and others.
Market Reaction
On Monday, GTOR stock decreased 6% at $0.0245 with more than 339k shares, compared to its average volume of 4.49 million shares. The stock has moved within a range of $0.0228 – 0.0261 after opening the trade at $0.0260.
Announces Management Report for the Week Ended November 6, 2021
The objective is to expand event awareness with larger community segments for the games. Over the weekend, the company drew a total of around 800 player enrolments and announced four winners in different tournaments.
There are over a dozen events planned this month, and the company anticipates that the tournament unit will continue witnessing impressive monthly numbers. The addition of a new salesperson to the team means that the metrics will be vital to him hitting the ground as GGToor expands its revenue base.
During the weekend, Yu-Gi-Oh! Duel Links drew almost 400 registrations bringing numerous moments with unlimited action over the day. So in the coming days, investors should keep an eye on GTOR.
Traders Review
GTOR stock is trading below the 200-Day and 50-Day Moving averages of $0.0478 and $0.0373 respectively. However, the stock is trading below the 20-Day moving average of $0.0290. The stock is down 24% over the past month.
