HIVE Digital Technologies (CVE:HIVE) Shares Down 0.7% - Time to Sell?

Key Points

• HIVE Digital Technologies Ltd. (CVE:HIVE) saw its shares decrease by 0.7% during trading, closing at C$4.04 after reaching a low of C$3.96.
• The company has experienced a substantial increase in trading volume, with 2,021,313 shares exchanged, up 94% from its average daily volume.
• Senior Officer Luke Rossy sold 133,625 shares at an average price of C$3.24, indicating notable insider activity, as corporate insiders hold only 0.40% of the company's stocks.

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report) fell 0.7% on Thursday . The stock traded as low as C$3.96 and last traded at C$4.04. 2,021,313 shares traded hands during trading, an increase of 94% from the average session volume of 1,043,792 shares. The stock had previously closed at C$4.07.

HIVE Digital Technologies Stock Performance

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 stock has a fifty day moving average of C$3.07 and a 200 day moving average of C$2.75. The company has a market capitalization of C$927.58 million, a P/E ratio of 12.24 and a beta of 3.82.

Insider Activity

In other HIVE Digital Technologies news, Senior Officer Luke Rossy sold 133,625 shares of HIVE Digital Technologies stock in a transaction on Thursday, July 24th. The shares were sold at an average price of C$3.24, for a total value of C$433,385.96. Corporate 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.