HIVE Digital Technologies (CVE:HIVE) Shares Down 6% - Here's Why

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

HIVE Digital Technologies Stock Performance

The company has a quick ratio of 0.85, a current ratio of 5.56 and a debt-to-equity ratio of 9.98. The stock has a market capitalization of C$280.15 million, a PE ratio of -14.90 and a beta of 4.28. The stock has a fifty day moving average of C$2.73 and a 200-day moving average of C$3.00.

Insiders Place Their Bets

In other news, Director Dave Perrill sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of C$2.79, for a total transaction of C$279,000.00. 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.