Hut 8 Corp. (TSE:HUT – Get Free Report) shares shot up 6.9% during trading on Thursday . The company traded as high as C$169.36 and last traded at C$165.13. 402,752 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 882,354 shares. The stock had previously closed at C$154.46.
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised Hut 8 to a “strong-buy” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on Hut 8
Hut 8 Price Performance
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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