PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) dropped 14.2% during trading on Monday. The company traded as low as $0.2824 and last traded at $0.6690. 1,775 shares traded hands during trading, a decline of 70% from the average daily volume of 5,938 shares. The stock had previously closed at $0.78.
PointsBet Price Performance
The stock’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.63.
About PointsBet
PointsBet Holdings Limited is an Australian online sports-betting and gaming company. Through its PointsBet brand, the company provided digital wagering services through websites and mobile applications, offering betting on major professional and collegiate sports as well as selected racing and other events.
Founded in Australia, PointsBet expanded internationally and operated in regulated markets including Australia, Canada and the United States. Its U.S. business offered online sports betting and iGaming products in certain states, subject to local licensing and regulatory requirements.
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