Soluna (NASDAQ:SLNHP) Trading Down 11.2% – Here’s Why

Soluna Holdings, Inc. (NASDAQ:SLNHPGet Free Report)’s share price was down 11.2% on Wednesday . The company traded as low as $8.08 and last traded at $8.08. Approximately 7,443 shares changed hands during trading, a decline of 41% from the average daily volume of 12,686 shares. The stock had previously closed at $9.10.

Soluna Price Performance

The company has a fifty day moving average price of $10.63 and a 200-day moving average price of $7.22.

Soluna Company Profile

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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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