Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Get Free Report)'s stock price dropped 5.1% during trading on Wednesday . The company traded as low as $1.25 and last traded at $1.31. Approximately 9,143,791 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 4,835,867 shares. The stock had previously closed at $1.38.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a "neutral" rating on shares of Gryphon Digital Mining in a report on Tuesday, May 13th.
Check Out Our Latest Report on GRYP
Gryphon Digital Mining Trading Down 1.0%
The company's fifty day moving average is $1.01 and its 200 day moving average is $0.53. The company has a market cap of $105.57 million, a P/E ratio of -5.38 and a beta of 3.73.
Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.09) earnings per share for the quarter. Analysts anticipate that Gryphon Digital Mining, Inc. will post -0.76 EPS for the current year.
Insider Buying and Selling
In other Gryphon Digital Mining news, Director Daniel George Tolhurst sold 1,981,233 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1.45, for a total value of $2,872,787.85. Following the completion of the transaction, the director directly owned 1,095,983 shares in the company, valued at approximately $1,589,175.35. This represents a 64.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 2,792,968 shares of company stock valued at $3,941,214. 15.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Gryphon Digital Mining stock. Murchinson Ltd. grew its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Free Report) by 271.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,403,988 shares of the company's stock after purchasing an additional 1,756,649 shares during the quarter. Murchinson Ltd. owned about 3.47% of Gryphon Digital Mining worth $409,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.21% of the company's stock.
About Gryphon Digital Mining
(
Get Free Report)
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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