Galaxy Digital (TSE:GLXY) Trading 18.4% Higher – Here’s Why

Galaxy Digital Holdings Ltd. (TSE:GLXYGet Free Report) traded up 18.4% during mid-day trading on Wednesday . The stock traded as high as C$18.38 and last traded at C$18.21. 1,683,477 shares traded hands during trading, an increase of 45% from the average session volume of 1,161,285 shares. The stock had previously closed at C$15.38.

Galaxy Digital Price Performance

The stock has a market cap of C$4.87 billion, a price-to-earnings ratio of 1.71 and a beta of 3.17. The stock’s 50-day moving average is C$17.86 and its 200 day moving average is C$22.53.

Galaxy Digital Company Profile

(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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