Galaxy Digital (TSE:GLXY) Trading Up 7.2%

Shares of Galaxy Digital Holdings Ltd. (TSE:GLXY) shot up 7.2% during mid-day trading on Thursday . The stock traded as high as C$13.71 and last traded at C$13.64. 216,294 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 973,561 shares. The stock had previously closed at C$12.72.

Wall Street Analyst Weigh In

Separately, ATB Capital lifted their price target on shares of Galaxy Digital from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th.

Galaxy Digital Trading Up 10.8 %

The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -8.76 and a beta of 3.18. The firm’s 50 day moving average price is C$12.01 and its two-hundred day moving average price is C$9.09.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot and derivative executions, and liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.