Galaxy Digital (TSE:GLXY) Trading 10.4% Higher - Here's What Happened
Galaxy Digital Holdings Ltd. (TSE:GLXY) saw its share price rise by 10.4% during mid-day trading, reaching a high of C$15.05 before closing at C$13.62. Trading volume increased by 30% compared to the average daily volume. The company, with a market cap of C$3.14 billion, operates in digital assets and blockchain, offering various financial services. Despite a current Buy rating, analysts suggest there are better investment options available.
Galaxy Digital Holdings Ltd. (TSE:GLXY - Get Free Report)'s share price was up 10.4% during mid-day trading on Tuesday . The company traded as high as C$15.05 and last traded at C$13.62. Approximately 1,485,538 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 1,146,422 shares. The stock had previously closed at C$12.34.
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Galaxy Digital Price Performance
The company's fifty day simple moving average is C$21.45 and its 200-day simple moving average is C$22.62. The firm has a market capitalization of C$3.14 billion, a PE ratio of 1.10 and a beta of 3.17.
About Galaxy Digital
(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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