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

Shares of Global Daily Fantasy Sports Inc. (DFS.V) (CVE:DFS) dropped 9.5% on Friday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 132,200 shares traded 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 firm has a market cap of C$50.20 million and a price-to-earnings ratio of -10.18. The business has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.28.

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.