HIVE Digital Technologies (CVE:HIVE) Trading 12.5% Higher - Should You Buy?

Key Points

• HIVE Digital Technologies Ltd. stock rose by 12.5% during trading on Friday, reaching a price of C$8.01 after previously closing at C$7.12.
• The company has a market capitalization of C$1.93 billion and reported a PE ratio of 25.36, indicating strong investor interest.
• Insider selling was reported with Director Dave Perrill selling 100,000 shares at an average price of C$7.73, totaling C$773,000.

HIVE Digital Technologies Ltd. (CVE:HIVE - ) rose 12.5% during trading on Friday . The company traded as high as C$8.06 and last traded at C$8.01. Approximately 1,569,972 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 1,498,183 shares. The stock had previously closed at C$7.12.

HIVE Digital Technologies Price Performance

The firm has a market capitalization of C$1.93 billion, a PE ratio of 25.36 and a beta of 4.28. The business has a 50-day moving average of C$5.63 and a 200 day moving average of C$3.68. The company has a current ratio of 5.56, a quick ratio of 0.85 and a debt-to-equity ratio of 9.98.

Insider Activity

In other news, Director Dave Perrill sold 100,000 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of C$7.73, for a total transaction of C$773,000.00. 0.40% of the stock is currently owned by corporate 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.

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