Galaxy Digital (TSE:GLXY) Stock Price Up 7.1% – Time to Buy?

Galaxy Digital Holdings Ltd. (TSE:GLXYGet Free Report) rose 7.1% during mid-day trading on Wednesday . The stock traded as high as C$15.05 and last traded at C$13.22. Approximately 2,213,358 shares changed hands during trading, an increase of 91% from the average daily volume of 1,159,207 shares. The stock had previously closed at C$12.34.

Galaxy Digital Price Performance

The company has a market capitalization of C$3.38 billion, a P/E ratio of 1.18 and a beta of 3.17. The firm’s 50-day moving average is C$20.02 and its 200-day moving average is C$22.54.

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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