Canaan (LON:CAN) Shares Down 4.1% – What’s Next?

Canaan Inc (LON:CAN)’s share price dropped 4.1% on Thursday . The stock traded as low as GBX 223.40 and last traded at GBX 223.40. Approximately 13,834,417 shares changed hands during trading, an increase of 191% from the average daily volume of 4,746,357 shares. The stock had previously closed at GBX 233.

Canaan Stock Down 4.1%

The firm has a market capitalization of £2.19 billion, a PE ratio of -44.68 and a beta of 2.09. The business has a 50-day moving average price of GBX 250.44 and a 200-day moving average price of GBX 254.32.

Canaan Company Profile

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).

CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.