The Esports Mogul (ASX:ESH) share price down 5% on mobile update

The Esports Mogul Ltd (ASX: ESH) share price is down 5% in early afternoon trading. The fall comes after the company reported that its esports platform is going mobile.

Despite today’s fall, shareholders of the thinly traded stock who have held on through this bumpy year, with sharp downswings followed by even sharper rebounds, are currently sitting on a gain of 80% in 2020.

That compares to a gain of just over 2% for the S&P/ASX 200 Index (ASX: XJO).

What does Esports Mogul do?

Esports Mogul owns and operates an esports (online sports games) media and software business. Mogul brings together players, game developers and tournament organisers with an initial focus in Australia and Southeast Asia.

The company’s esports…