TSE:QBTC.U (TSE:QBTC.U) Trading 0.8% Higher – Time to Buy?

TSE:QBTC.U (TSE:QBTC.U – Get Free Report)’s share price shot up 0.8% during mid-day trading on Wednesday . The stock traded as high as C$59.23 and last traded at C$58.73. 600 shares changed hands during trading, a decline of 64% from the average session volume of 1,671 shares. The stock had previously closed at C$58.26.

TSE:QBTC.U Stock Performance

The stock has a 50 day moving average price of C$63.18 and a 200 day moving average price of C$70.10.

TSE:QBTC.U Company Profile

(Get Free Report)

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.

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