Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) shares dropped 1.4% during mid-day trading on Wednesday . The company traded as low as $9.19 and last traded at $9.84. Approximately 38,541 shares were traded during trading, an increase of 158% from the average daily volume of 14,919 shares. The stock had previously closed at $9.98.
Soluna Stock Performance
The firm has a 50 day moving average price of $9.44 and a 200 day moving average price of $5.77.
About Soluna
Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.
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