Canaan Stock Bullish Momentum With A 10.59% Rise On Monday

(VIANEWS) – The NASDAQ ended the session with Canaan (CAN) rising 10.59% to $1.98 on Monday while NASDAQ slid 0.13% to $15,976.25.

Canaan’s last close was $1.79, 48.86% below its 52-week high of $3.50.

About Canaan

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

Earnings Per Share

As for profitability, Canaan has a trailing twelve months EPS of $-0.47.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -53.23%.

More news about Canaan (CAN).

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