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Galaxy Digital (TSE:GLXY) Stock Price Up 18.4% - Time to Buy?

Galaxy Digital logo with Financial Services background

Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report)'s share price shot up 18.4% during trading on Wednesday . The company traded as high as C$18.38 and last traded at C$18.21. 1,683,477 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 1,161,285 shares. The stock had previously closed at C$15.38.

Galaxy Digital Trading Down 1.0 %

The business has a 50-day moving average of C$17.75 and a 200 day moving average of C$22.59. The firm has a market capitalization of C$4.81 billion, a P/E ratio of 1.69 and a beta of 3.17.

Galaxy Digital Company Profile

(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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