Shares of Hut 8 Corp. (TSE:HUT – Get Free Report) traded up 12.6% during mid-day trading on Wednesday . The company traded as high as C$61.51 and last traded at C$57.04. 1,726,330 shares traded hands during trading, an increase of 12% from the average session volume of 1,547,861 shares. The stock had previously closed at C$50.67.
Hut 8 Price Performance
The company has a 50 day moving average price of C$61.31 and a 200 day moving average price of C$43.31. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The firm has a market cap of C$6.16 billion, a PE ratio of 30.50 and a beta of 4.58.
About Hut 8
Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.
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