Global Daily Fantasy Sports Inc. (DFS.V) (CVE:DFS) Stock Falls 9.5% – Here’s Why

Global Daily Fantasy Sports Inc. (DFS.V) (CVE:DFS)’s share price was down 9.5% during trading on Wednesday. The company traded as low as C$0.28 and last traded at C$0.28. 132,200 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 489,596 shares. The stock had previously closed at C$0.32.

Global Daily Fantasy Sports Inc. (DFS.V) Stock Performance

The firm has a market capitalization of C$50.20 million and a price-to-earnings ratio of -10.18. The company has a 50 day moving average price of C$0.29 and a two-hundred day moving average price of C$0.28.

Global Daily Fantasy Sports Inc. (DFS.V) Company Profile

Global Daily Fantasy Sports Inc operates in daily fantasy sports (DFS) industry. It offers DFS software and network, which enables its licensed customers to offer a customized and branded DFS product to their end users. The company was formerly known as Lariat Energy Ltd. and changed its name to Global Daily Fantasy Sports Inc in June 2016. Global Daily Fantasy Sports Inc was incorporated in 1985 and is based in Vancouver, Canada.