Hut 8 Corp. (TSE:HUT – Get Free Report) shares shot up 17.4% during mid-day trading on Wednesday . The stock traded as high as C$61.51 and last traded at C$59.49. 1,160,247 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 1,544,660 shares. The stock had previously closed at C$50.67.
Hut 8 Stock Up 12.8%
The firm has a 50-day moving average price of C$61.31 and a two-hundred day moving average price of C$43.31. The company has a market capitalization of C$6.18 billion, a price-to-earnings ratio of 30.57 and a beta of 4.58. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.
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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