TSE:QBTC.U (TSE:QBTC.U) Shares Up 3.3% – Should You Buy?

TSE:QBTC.U (TSE:QBTC.U) shot up 3.3% during mid-day trading on Friday . The stock traded as high as C$75.26 and last traded at C$74.94. 734 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 2,046 shares. The stock had previously closed at C$72.52.

TSE:QBTC.U Stock Up 3.3%

The firm’s 50 day moving average price is C$67.50 and its 200-day moving average price is C$83.85.

TSE:QBTC.U Company Profile

The Funds investment objectives are to seek to provide holders of Units (Unit holders) of the Fund with: (a) exposure to digital currency bitcoin (bitcoin) and the daily price movements of the U.S. dollar price of bitcoin; and (b) the opportunity for long-term capital appreciation. To achieve its investment objectives, the Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient, safer alternative to a direct investment in bitcoin.