Hut 8 (TSE:HUT) Sets New 12-Month High – Should You Buy?

Hut 8 Corp. (TSE:HUTGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$82.20 and last traded at C$80.15, with a volume of 1862231 shares. The stock had previously closed at C$70.39.

Hut 8 Price Performance

The company has a market cap of C$8.66 billion, a price-to-earnings ratio of 42.86 and a beta of 4.58. The company’s 50-day simple moving average is C$61.70 and its 200-day simple moving average is C$47.54. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.

About Hut 8

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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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