Hut 8 (TSE:HUT) Trading 14.2% Higher

Hut 8 Corp. (TSE:HUT) rose 14.2% on Thursday . The stock traded as high as C$15.40 and last traded at C$15.31. Approximately 575,507 shares traded hands during trading, a decline of 62% from the average daily volume of 1,502,406 shares. The stock had previously closed at C$13.41.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “sell” rating on shares of Hut 8 in a research report on Tuesday, February 6th.

Hut 8 Price Performance

The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -14.46 and a beta of 3.45. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 613.95. The company has a 50 day simple moving average of C$11.04 and a 200 day simple moving average of C$8.65.

Hut 8 Company Profile

Hut 8 Corp. provides digital asset mining and high-performance computing infrastructure solutions in Canada. It operates computing infrastructure sites mines Bitcoin, as well as delivers cloud, colocation, and computing services to enterprise customers. The company was founded in 2017 and is based in Miami, Florida.