Galaxy Digital (TSE:GLXY) Stock Price Up 7.5%

Galaxy Digital Holdings Ltd. (TSE:GLXYGet Rating) shares rose 7.5% during mid-day trading on Friday . The stock traded as high as C$4.75 and last traded at C$4.75. Approximately 154,575 shares changed hands during trading, a decline of 80% from the average daily volume of 780,273 shares. The stock had previously closed at C$4.42.

Galaxy Digital Trading Up 8.4 %

The company has a 50-day moving average price of C$4.94 and a two-hundred day moving average price of C$5.26. The stock has a market cap of C$495.00 million, a P/E ratio of -1.79 and a beta of 3.25.

Insider Buying and Selling

In related news, Director Christopher Charles Ferraro bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were purchased at an average cost of C$3.58 per share, with a total value of C$358,000.00. Following the completion of the acquisition, the director now directly owns 157,500 shares in the company, valued at C$563,850. 6.17% of the stock is currently owned by company insiders.

Galaxy Digital Company Profile

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Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot, derivate, and financing liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies and other digital assets; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.

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