Hut 8 Corp. (TSE:HUT – Get Free Report) shares traded down 6.8% during trading on Monday . The company traded as low as C$52.75 and last traded at C$52.99. 173,097 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,542,601 shares. The stock had previously closed at C$56.86.
Hut 8 Stock Performance
The business has a 50-day simple moving average of C$61.31 and a 200 day simple moving average of C$43.31. 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 firm has a market cap of C$6.21 billion, a PE ratio of 30.74 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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