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HIVE Digital Technologies (CVE:HIVE) Hits New 12-Month High - Here's Why

HIVE Digital Technologies logo with Financial Services background

Key Points

  • HIVE Digital Technologies reached a new 52-week high of C$7.80 during trading, closing at C$7.79 after a noticeable price increase of 24.8%.
  • The company has a market capitalization of C$1.80 billion and significant liquidity, reflected by a current ratio of 5.56 and a quick ratio of 0.85.
  • Insider activity noted that Senior Officer Luke Rossy sold 133,625 shares at an average price of C$3.24, indicating potential insider confidence in the company’s prospects.
  • Five stocks we like better than HIVE Digital Technologies.

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$7.80 and last traded at C$7.79, with a volume of 5686308 shares changing hands. The stock had previously closed at C$6.24.

HIVE Digital Technologies Trading Up 24.8%

The company has a debt-to-equity ratio of 9.98, a quick ratio of 0.85 and a current ratio of 5.56. The business's 50 day moving average price is C$4.17 and its 200-day moving average price is C$3.12. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 23.61 and a beta of 4.28.

Insider Activity at HIVE Digital Technologies

In related news, Senior Officer Luke Rossy sold 133,625 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of C$3.24, for a total value of C$433,385.96. 0.40% of the stock is owned by company insiders.

HIVE Digital Technologies Company Profile

(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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