HIVE Digital Technologies (CVE:HIVE) Stock Price Down 3.4% - Here's Why

Key Points

• HIVE Digital Technologies stock price dropped by 3.4%, trading as low as C$5.14, with a significant increase in trading volume, reaching over 2.2 million shares.
• The company's market capitalization stands at C$1.18 billion with a PE ratio of 15.61 and a high beta of 4.12, indicating volatility.
• Senior Officer Luke Rossy sold 133,625 shares at an average price of C$3.24, raising concerns about insider confidence, as insiders only own 0.40% of the stock.

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s stock price fell 3.4% during trading on Friday . The stock traded as low as C$5.14 and last traded at C$5.15. 2,207,534 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 1,190,238 shares. The stock had previously closed at C$5.33.

HIVE Digital Technologies Stock Performance

The firm has a 50 day simple moving average of C$3.64 and a 200-day simple moving average of C$2.89. The company has a debt-to-equity ratio of 9.98, a current ratio of 5.56 and a quick ratio of 0.85. The company has a market cap of C$1.22 billion, a price-to-earnings ratio of 16.03 and a beta of 4.12.

Insider Transactions at HIVE Digital Technologies

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

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.