Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, Zacks reports.
Gryphon Digital Mining Price Performance
Shares of NASDAQ:GRYP traded up $0.04 during midday trading on Thursday, hitting $1.41. The company had a trading volume of 4,295,979 shares, compared to its average volume of 4,647,329. The business's 50-day simple moving average is $1.14 and its 200-day simple moving average is $0.68. The stock has a market cap of $115.80 million, a price-to-earnings ratio of -5.22 and a beta of 3.87. Gryphon Digital Mining has a twelve month low of $0.13 and a twelve month high of $2.93.
Insider Activity at Gryphon Digital Mining
In other Gryphon Digital Mining news, Director Daniel George Tolhurst sold 1,981,233 shares of Gryphon Digital Mining stock in a transaction on Monday, May 19th. The stock was sold at an average price of $1.45, for a total value of $2,872,787.85. Following the sale, the director owned 1,095,983 shares in the company, valued at $1,589,175.35. The trade was a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 2,792,968 shares of company stock worth $3,941,214. 15.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Gryphon Digital Mining
An institutional investor recently bought a new position in Gryphon Digital Mining stock. HUB Investment Partners LLC bought a new stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 128,910 shares of the company's stock, valued at approximately $114,000. HUB Investment Partners LLC owned 0.16% of Gryphon Digital Mining at the end of the most recent reporting period. 10.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "neutral" rating on shares of Gryphon Digital Mining in a research note on Tuesday, May 13th.
Get Our Latest Research Report on Gryphon Digital Mining
About Gryphon Digital Mining
(
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Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.
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