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

Shares of Global Daily Fantasy Sports Inc. (DFS.V) (CVE:DFS) dropped 9.5% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 132,200 shares were traded 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 P/E ratio of -10.18. The company’s 50 day moving average is C$0.29 and its 200 day moving average is 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.