HIVE Digital Technologies (CVE:HIVE) Trading Down 7.5% – Here’s What Happened

by · The Cerbat Gem

HIVE Digital Technologies Ltd. (CVE:HIVE – Get Free Report)’s share price dropped 7.5% during trading on Monday . The stock traded as low as C$4.24 and last traded at C$4.36. Approximately 584,992 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 1,544,573 shares. The stock had previously closed at C$4.71.

HIVE Digital Technologies Price Performance

The company has a debt-to-equity ratio of 9.98, a current ratio of 5.56 and a quick ratio of 0.85. The company’s 50 day simple moving average is C$6.60 and its 200 day simple moving average is C$4.39. The company has a market capitalization of C$1.05 billion, a PE ratio of 19.22 and a beta of 4.61.

Insider Buying and Selling

In related news, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$7.73, for a total transaction of C$773,000.00. 0.40% of the stock is owned by corporate insiders.

About HIVE Digital Technologies

(Get Free Report)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

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