PointsBet (OTCMKTS:PBTHF) Trading 70% Higher – Still a Buy?

PointsBet Holdings Limited (OTCMKTS:PBTHFGet Free Report)’s share price traded up 70% on Thursday . The company traded as high as $0.60 and last traded at $0.60. 925 shares were traded during mid-day trading, a decline of 88% from the average session volume of 7,492 shares. The stock had previously closed at $0.3530.

PointsBet Stock Performance

The company has a 50-day simple moving average of $0.63 and a 200-day simple moving average of $0.55.

About PointsBet

(Get Free Report)

PointsBet Holdings Limited is an online bookmaker specializing in sports and racing wagering, offering both traditional fixed-odds betting and its proprietary PointsBetting model. The company operates through a digital platform and mobile applications, providing customers with access to a broad range of sporting events, including major international leagues, horse racing, and niche competitions. PointsBet also features an online casino segment in select markets, expanding its product suite beyond sports betting.

Founded in Brisbane, Australia, in 2015, PointsBet rapidly expanded its operations domestically before entering the United States market in 2019.

Further Reading

Receive News & Ratings for PointsBet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PointsBet and related companies with MarketBeat.com's FREE daily email newsletter.