eSports Shares Surge Following Announcement Of New Deal

Sponsored:

Tuesday, May 31, 2022

Usually when headlines come across pertaining to ‘business plans’ or ‘management reports,’ traders tend to brush them off unless the said reports contain vital information for the future success of the company or if there is any shocking revelations within the reports. Well on Tuesday, one of these reports really seems to turn heads as shares of GGToor Inc (OTCPK:GTOR) rallied strongly following an announcement. According to the release, “the Company has successfully signed a deal valued at over $100,000,000. On June 14, 2022, the Company will launch GGTOORCITY in a Metaverse. GGTOORCITY will be comprised of 2,145 commercial parcels of land in the Metaverse that will produce a total of 4,144 commercial and residential parcels.” 

GGToor Inc through its wholly owned subsidiary, Shadow Gaming Inc created an interactive website that will provide an array of different options allowing self-registration for players, organizers, and leagues to compete on all scheduled events. Each registrant will have their administration panel, the players can update their profile see their stats and competitor's stats scorecard in real-time, and reviewed before or after events. Organizers can set up their events on games that will accept based on rules and submit them for approval.

With the growing popularity within this space, it’s no wonder that shares of GGToor surged on the news, reaching $0.0469/share (+126.57%) following the announcement. It’ll be interesting to see how this stock plays out in session to come.

Sponsored: