HIVE Digital Technologies (CVE:HIVE) Shares Down 6% - Time to Sell?

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s stock price fell 6% during mid-day trading on Tuesday . The company traded as low as C$2.92 and last traded at C$2.97. 1,706,461 shares were traded during trading, an increase of 87% from the average session volume of 910,520 shares. The stock had previously closed at C$3.16.

HIVE Digital Technologies Stock Performance

The firm has a market cap of C$277.86 million, a price-to-earnings ratio of -14.78 and a beta of 4.28. 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 firm's 50 day moving average is C$2.71 and its 200-day moving average is C$3.01.

Insider Activity

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$2.79, for a total value of C$279,000.00. 0.40% of the stock is owned by corporate insiders.

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.