Hut 8 Mining (TSE:HUT) Shares Down 5.9%

Shares of Hut 8 Mining Corp. (TSE:HUTGet Free Report) traded down 5.9% on Tuesday . The stock traded as low as C$2.55 and last traded at C$2.56. 506,726 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 3,796,447 shares. The stock had previously closed at C$2.72.

Hut 8 Mining Stock Performance

The firm has a market capitalization of C$565.41 million, a PE ratio of -3.36 and a beta of 3.45. The company has a debt-to-equity ratio of 20.00, a quick ratio of 1.26 and a current ratio of 4.61. The business’s fifty day simple moving average is C$2.78 and its 200-day simple moving average is C$3.30.

About Hut 8 Mining

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Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. It provides computing power to the mining pools in exchange for digital assets. The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space.

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