Hut 8 (TSE:HUT) Reaches New 12-Month High – What’s Next?

Hut 8 Corp. (TSE:HUTGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$87.31 and last traded at C$85.05, with a volume of 388402 shares traded. The stock had previously closed at C$84.76.

Hut 8 Trading Down 1.9%

The business’s 50 day moving average is C$63.72 and its two-hundred day moving average is C$50.45. The firm has a market capitalization of C$8.59 billion, a P/E ratio of 42.53 and a beta of 4.58. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87.

Hut 8 Company Profile

(Get Free Report)

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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