Canaan Inc (LON:CAN – Get Free Report)’s share price shot up 13.4% during trading on Thursday . The company traded as high as GBX 319 and last traded at GBX 314. 34,588,387 shares changed hands during mid-day trading, an increase of 1,097% from the average session volume of 2,889,169 shares. The stock had previously closed at GBX 277.
Canaan Price Performance
The stock has a market cap of £3.09 billion and a PE ratio of -21.04. The business has a 50 day moving average price of GBX 260.90 and a two-hundred day moving average price of GBX 245.15.
About Canaan
Starting its life as a French subscription-TV channel 40 years ago, CANAL+ today is a global media and entertainment company with a brand recognised worldwide amongst the Top 50 Most Valuable French Brands, globally (source: Kantar Brandz, 2023). It generates revenues in 195 countries and operates directly in 52 countries across Europe, Africa, Asia, and the United States, with a total of approximately 9,000 employees worldwide. With a balance of exposure to mature and high-growth markets, CANAL+ is one of the largest media companies in Europe in terms of both revenues and subscribers, and the undisputed leader in French-speaking Sub-Saharan Africa.
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