HIVE Digital Technologies (CVE:HIVE) Shares Down 7% - What's Next?

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s share price traded down 7% during mid-day trading on Tuesday . The company traded as low as C$2.37 and last traded at C$2.40. 989,203 shares were traded during mid-day trading, an increase of 18% from the average session volume of 835,591 shares. The stock had previously closed at C$2.58.

HIVE Digital Technologies Stock Performance

The firm has a market cap of C$218.61 million, a P/E ratio of -11.63 and a beta of 4.28. The company has a current ratio of 5.56, a quick ratio of 0.85 and a debt-to-equity ratio of 9.98. The business's fifty day simple moving average is C$2.51 and its 200-day simple moving average is C$3.30.

Insiders Place Their Bets

In other news, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$2.79, for a total transaction of C$279,000.00. Insiders own 0.40% of the company's stock.

About HIVE Digital Technologies

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.