Canaan (LON:CAN) Trading Up 9.7% – Here’s Why

Canaan Inc (LON:CAN) rose 9.7% during trading on Tuesday . The stock traded as high as GBX 266.20 and last traded at GBX 254.40. Approximately 1,408,283 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 4,570,104 shares. The stock had previously closed at GBX 231.80.

Canaan Trading Up 9.7%

The company has a market capitalization of £2.49 billion, a P/E ratio of -50.88 and a beta of 2.09. The business’s 50-day simple moving average is GBX 250.23 and its 200 day simple moving average is GBX 253.77.

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.