Hut 8 Corp. (TSE:HUT - Get Free Report) shares shot up 14.1% during mid-day trading on Wednesday . The stock traded as high as C$19.08 and last traded at C$19.07. 1,635,362 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 1,456,522 shares. The stock had previously closed at C$16.72.
Analyst Ratings Changes
HUT has been the subject of a number of research analyst reports. Cantor Fitzgerald raised shares of Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Hut 8 currently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Report on HUT
Hut 8 Price Performance
The company has a market capitalization of C$1.08 billion, a P/E ratio of 3.96 and a beta of 3.45. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The company has a fifty day moving average price of C$23.03 and a 200 day moving average price of C$26.98.
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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