Hut 8 Corp. (TSE:HUT - Get Free Report) shares rose 0.2% during trading on Monday . The stock traded as high as C$36.16 and last traded at C$35.22. Approximately 1,205,917 shares were traded during trading, a decline of 20% from the average daily volume of 1,500,557 shares. The stock had previously closed at C$35.15.
Wall Street Analyst Weigh In
HUT has been the topic of a number of recent research reports. Citizens Jmp raised Hut 8 to a "strong-buy" rating in a research note on Thursday, May 22nd. Roth Capital raised Hut 8 to a "strong-buy" rating in a research note on Thursday, June 5th. Eight equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Hut 8 currently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on Hut 8
Hut 8 Trading Up 1.7%
The company has a 50 day moving average of C$31.97 and a 200-day moving average of C$24.42. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The stock has a market cap of C$4.74 billion, a price-to-earnings ratio of 30.77 and a beta of 4.58.
About Hut 8
(
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Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
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