Shares of PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) shot up 161.6% during mid-day trading on Tuesday. The stock traded as high as $0.50 and last traded at $0.50. 600 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 5,777 shares. The stock had previously closed at $0.1911.
PointsBet Stock Up 161.6%
The firm has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.61.
PointsBet Company Profile
PointsBet Holdings Limited is an Australian-founded online wagering company that operated the PointsBet sportsbook brand. The company provided fixed-odds betting on professional and collegiate sports, horse racing and other sporting events through digital platforms, with betting available through websites and mobile applications.
PointsBet was established in Melbourne and expanded internationally, serving customers in Australia and, historically, the United States and Canada. Its platform was known for traditional sports wagers as well as PointsBetting, a form of wagering in which payouts can increase or decrease based on the final margin or outcome of an event.
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