Canaan Inc (LON:CAN – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 277.90 and last traded at GBX 277.30, with a volume of 390909 shares. The stock had previously closed at GBX 276.30.
Canaan Stock Performance
The stock has a market cap of £3.07 billion and a P/E ratio of -20.88. The firm has a 50-day moving average price of GBX 260.90 and a 200-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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