Soluna (NASDAQ:SLNHP) Shares Down 1.4% – Here’s Why

Soluna Holdings, Inc. (NASDAQ:SLNHPGet Free Report) shares dropped 1.4% during mid-day trading on Thursday . The company traded as low as $9.00 and last traded at $9.00. Approximately 3,780 shares were traded during trading, a decline of 16% from the average daily volume of 4,496 shares. The stock had previously closed at $9.13.

Soluna Stock Performance

The company has a 50-day moving average of $10.27 and a 200 day moving average of $7.74.

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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