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Galaxy Digital (TSE:GLXY) Trading 7.1% Higher - Here's Why

Galaxy Digital logo with Financial Services background

Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report) shot up 7.1% during mid-day trading on Wednesday . The company traded as high as C$15.05 and last traded at C$13.22. 2,213,358 shares changed hands during trading, an increase of 91% from the average session volume of 1,159,207 shares. The stock had previously closed at C$12.34.

Galaxy Digital Price Performance

The company's 50 day simple moving average is C$19.77 and its 200 day simple moving average is C$22.53. The stock has a market cap of C$3.77 billion, a P/E ratio of 1.32 and a beta of 3.17.

About Galaxy Digital

(Get Free Report)

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.

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