Hut 8 Corp. (TSE:HUT – Get Free Report) shares rose 1.6% during mid-day trading on Friday . The stock traded as high as C$52.03 and last traded at C$51.34. Approximately 681,558 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,542,052 shares. The stock had previously closed at C$50.53.
Hut 8 Stock Performance
The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The company has a 50 day simple moving average of C$57.66 and a 200-day simple moving average of C$37.33. The firm has a market cap of C$5.75 billion, a PE ratio of 28.44 and a beta of 4.58.
Hut 8 Company Profile
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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