Galaxy Digital (TSE:GLXY) Stock Price Down 9.3% - Here's Why

Key Points

• Galaxy Digital's stock price fell by 9.3% during mid-day trading on Wednesday, closing at C$54.48 after previously being at C$60.07.
• Trading volume dropped to approximately 234,667 shares, which is an 82% decline from its average daily volume of 1,272,505 shares.
• The company's market capitalization stands at **C$9.23 billion**, with a **P/E ratio of -63.35** and operates across five business lines focused on the digital assets and blockchain technology industry.

Galaxy Digital Holdings Ltd. (TSE:GLXY - ) was down 9.3% during mid-day trading on Wednesday . The company traded as low as C$54.09 and last traded at C$54.48. Approximately 234,667 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,272,505 shares. The stock had previously closed at C$60.07.

Galaxy Digital Price Performance

The stock's fifty day simple moving average is C$43.63 and its 200-day simple moving average is C$33.33. The stock has a market cap of C$9.23 billion, a P/E ratio of -63.35 and a beta of 2.09.

About Galaxy Digital

Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through five business lines: Trading, Principal investing, Asset management, mining and Investment Banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.