Galaxy Digital (TSE:GLXY) Trading 12.2% Higher - Time to Buy?

Key Points

• Galaxy Digital Holdings Ltd. saw a significant stock increase of 12.2%, with shares trading at C$40.56 after closing at C$36.15.
• The company, which operates in the digital assets and blockchain technology industry, has a market capitalization of C$6.69 billion and a price-to-earnings ratio of -45.93.
• Galaxy Digital's trading volume increased slightly to 1,240,109 shares, indicating growing investor interest in the stock.

Galaxy Digital Holdings Ltd. (TSE:GLXY - ) traded up 12.2% during trading on Thursday . The stock traded as high as C$41.12 and last traded at C$40.56. 1,240,109 shares traded hands during trading, an increase of 1% from the average session volume of 1,225,928 shares. The stock had previously closed at C$36.15.

Galaxy Digital Stock Performance

The firm's 50 day simple moving average is C$35.04 and its 200 day simple moving average is C$26.81. The firm has a market capitalization of C$6.69 billion, a price-to-earnings ratio of -45.93 and a beta of 2.05.

Galaxy Digital Company Profile

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.

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