Hut 8 Corp. (TSE:HUT – Get Free Report)’s share price dropped 16.3% during mid-day trading on Thursday . The company traded as low as C$136.00 and last traded at C$137.17. Approximately 345,901 shares changed hands during trading, a decline of 63% from the average session volume of 942,369 shares. The stock had previously closed at C$163.82.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised shares of Hut 8 to a “strong-buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Hut 8 presently has an average rating of “Strong Buy”.
View Our Latest Analysis on Hut 8
Hut 8 Trading Down 16.3%
Hut 8 Company Profile
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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