Canaan Inc (LON:CAN – Get Free Report) traded down 19.4% on Wednesday . The stock traded as low as GBX 236.40 and last traded at GBX 238.40. 3,752,855 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 6,982,007 shares. The stock had previously closed at GBX 295.90.
Canaan Trading Down 19.4%
The business’s fifty day simple moving average is GBX 290.34 and its 200 day simple moving average is GBX 258.98. The stock has a market cap of £2.34 billion and a price-to-earnings ratio of -15.89.
Canaan (LON:CAN – Get Free Report) last posted its quarterly earnings results on Friday, February 20th. The company reported GBX 11.20 earnings per share for the quarter. Canaan had a negative return on equity of 3.20% and a negative net margin of 2.30%.
About Canaan
Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).
CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.
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