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Galaxy Digital (TSE:GLXY) Stock Price Up 7.1% - Time to Buy?

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 traded hands during mid-day 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 Stock Performance

The company's 50-day moving average price is C$19.77 and its 200 day moving average price is C$22.53. The stock has a market capitalization of C$3.71 billion, a P/E ratio of 1.30 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.

Further Reading

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