Canaan Inc (LON:CAN – Get Free Report) shares traded down 0.4% during trading on Friday . The company traded as low as GBX 244.50 and last traded at GBX 247.30. 6,251,205 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 3,775,538 shares. The stock had previously closed at GBX 248.40.
Canaan Stock Performance
The stock has a 50 day moving average price of GBX 240.75 and a 200 day moving average price of GBX 234.98. The company has a market cap of £2.42 billion and a P/E ratio of -16.49.
Canaan Company Profile
Starting its life as a French subscription-TV channel 40 years ago, CANAL+ today is a global media and entertainment company with a brand recognised worldwide amongst the Top 50 Most Valuable French Brands, globally (source: Kantar Brandz, 2023). It generates revenues in 195 countries and operates directly in 52 countries across Europe, Africa, Asia, and the United States, with a total of approximately 9,000 employees worldwide.
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