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

Global Daily Fantasy Sports Inc. (DFS.V) (CVE:DFS)’s stock price dropped 9.5% on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 132,200 shares changed hands during trading, a decline of 73% from the average daily volume of 489,596 shares. The stock had previously closed at C$0.32.

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

The company’s 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.28. The company has a market cap of C$50.20 million and a price-to-earnings ratio of -10.18.

About Global Daily Fantasy Sports Inc. (DFS.V)

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.