Hut 8 Mining (TSE:HUT) Trading Down 3.5%

Shares of Hut 8 Mining Corp. (TSE:HUTGet Free Report) fell 3.5% during trading on Friday . The stock traded as low as C$3.03 and last traded at C$3.04. 205,132 shares were traded during trading, a decline of 95% from the average session volume of 4,129,562 shares. The stock had previously closed at C$3.15.

Hut 8 Mining Stock Performance

The firm has a market cap of C$673.94 million, a price-to-earnings ratio of -4.83 and a beta of 3.33. The company has a current ratio of 6.95, a quick ratio of 1.26 and a debt-to-equity ratio of 13.61. The stock’s 50 day moving average is C$4.12 and its 200 day moving average is C$3.13.

Hut 8 Mining (TSE:HUTGet Free Report) last issued its quarterly earnings data on Monday, August 14th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.07) by C($0.01). The firm had revenue of C$19.18 million for the quarter, compared to the consensus estimate of C$21.60 million. Hut 8 Mining had a negative return on equity of 24.21% and a negative net margin of 129.39%. During the same quarter in the prior year, the firm earned ($0.14) EPS. Analysts anticipate that Hut 8 Mining Corp. will post -0.52 earnings per share for the current year.

About Hut 8 Mining

(Get Free Report)

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. It provides computing power to the mining pools in exchange for digital assets. The company serve commercial customers across various industries, including financial, healthcare, government, and those in the growing digital asset, Blockchain, gaming, virtual effects, and Web 3.0 space.

Further Reading

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