The Canadian eSports stocks on our list have been among the top-performing equities in this space recently
SmallCapPower | September 3, 2019: Video games have been a popular pastime since the 1970s, but advancements in technology and social media have helped spur the popularity of eSports over recent years. In 2015, ~800,000 people worldwide were aware of eSports, with that number skyrocketing to more than a billion people by the end of 2016. The audience of eSports streams and broadcasts, which showcase tournaments, leagues, and other events, has also been on the rise, with the global eSports audience estimated to grow to 453.8M viewers by the end of 2019, according to the Newzoo Global eSports Market Report. Today, we have identified some of the top-performing Canadian eSports stocks as of late, based on both 30-day and year-to-date performances.
*Share prices are as at August 29, 2019, data obtained from S&P Capital IQ
eSports Stocks: Next Big Opportunity for Investors
Millennial Esports Corporation (TSXV:GAME) – $1.01
Gaming
Millennial Esports is a vertically-integrated mobile gaming publisher looking to fuse eSports racing and professional motorsport through a global competition model. GAME utilizes its gaming franchises and intellectual property to engage millions of new players and aims to become the market leader in eSports Racing. Millennial eSports also operates mobile applications related to eSports. Its services include video production, promotions, streaming, and broadcasting. On August 22, Millennial Esports announced that it would be taking a 51% stake in the motorsport simulator manufacturer, Allinsports.
- Market Cap: $11.1M
- 30 Day Return: 134.9%
- YTD Return: 12.2%
- 90 Day Average Trading Volume: 96,000
Versus Systems Inc. (CSE:VS) – $0.31
Interactive Home Entertainment
Versus Systems is the developer of WINFINITE, a proprietary in-game prizing and promotions engine that allows game publishers and developers to offer in-game prizing across various platforms, including mobile, console, PC games, and streaming media. Brands pay to place products in-game via WINFINITE, and gamers compete for those prizes. On August 14, Versus Systems announced that is has arranged for, and closed, a non-brokered private placement through the issuance of 4,545,454 units at a price of $0.22 each for gross proceeds of $1M.
- Market Cap: $38.3M
- 30 Day Return: 3.2%
- YTD Return: 33.3%
- 90 Day Average Trading Volume: 270,000
theScore Inc. (TSXV:SCR) – $0.65
Entertainment
theScore creates engaging digital products and content for sports fans. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving ~1M fans a month. SCR also creates innovative digital sports experiences through its web, social, and eSports platforms. On August 26, the Company announced that the New Jersey Division of Gaming Enforcement has granted theScore approval to proceed with the full implementation of its mobile sports wagering application in New Jersey.
- Market Cap: $231.9M
- 30 Day Return: 54%
- YTD Return: 103%
- 90 Day Average Trading Volume: 460,000
Enthusiast Gaming Holdings Inc. (TSXV:EGLX) – $1.65
Interactive Media and Services
Enthusiast Gaming Holdings owns and operates an online network of websites devoted to video gaming as well as Canada’s largest video-gaming expo. EGLX’s content platform consists of over 80 gaming websites with over 75M visitors every month, which has driven more than 12B ad requests per month. Behind Twitch Interactive, EGN Entertainment, and GameSpot, Enthusiast’s content is one of most viewed North American gaming sites. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, with approximately 55,000 people attending in 2018.
- Market Cap: $85.4M
- 30 Day Return: 18.7%
- YTD Return: 65%
- 90 Day Average Trading Volume: 175,000
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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