HIVE Digital Technologies (CVE:HIVE) Trading Down 0.7% - Here's Why

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)'s share price fell 0.7% during mid-day trading on Thursday . The company traded as low as C$3.96 and last traded at C$4.04. 2,021,313 shares were traded 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 Down 2.2%

The firm has a market cap of C$911.51 million, a price-to-earnings ratio of 12.03 and a beta of 3.82. 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 is C$3.17 and its 200-day moving average is C$2.77.

Insiders Place Their Bets

In other HIVE Digital Technologies news, Senior Officer Luke Rossy sold 133,625 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of C$3.24, for a total value of C$433,385.96. Insiders own 0.40% of the company's stock.

HIVE Digital Technologies Company Profile

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.