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HIVE Digital Technologies (CVE:HIVE) Shares Down 7% - Here's Why

HIVE Digital Technologies logo with Financial Services background

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s share price traded down 7% on Tuesday . The stock traded as low as C$2.37 and last traded at C$2.40. 989,203 shares traded hands during 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 Trading Down 7.0%

The stock has a market capitalization of C$220.45 million, a P/E ratio of -11.73 and a beta of 4.28. The stock's fifty day moving average price is C$2.49 and its two-hundred day moving average price is C$3.35. The company has a current ratio of 5.56, a quick ratio of 0.85 and a debt-to-equity ratio of 9.98.

Insider Transactions at HIVE Digital Technologies

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

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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