HIVE Digital Technologies (CVE:HIVE) Trading 13.5% Higher - Still a Buy?

Key Points

• HIVE Digital Technologies Ltd. saw a significant price increase of 13.5% during mid-day trading, reaching C$8.08, with a trading volume of 1,662,195 shares, which is 11% higher than the average session volume.
• The company has a market capitalization of C$1.93 billion and a high beta of 4.28, indicating a volatile stock, with a price-to-earnings ratio of 25.36.
• Insider activity included Director Dave Perrill selling 100,000 shares at an average price of C$7.73, totaling C$773,000, with only 0.40% of the stock owned by insiders.

HIVE Digital Technologies Ltd. (CVE:HIVE - ) traded up 13.5% during mid-day trading on Friday . The company traded as high as C$8.08 and last traded at C$8.08. 1,662,195 shares were traded during mid-day trading, an increase of 11% from the average session volume of 1,498,755 shares. The stock had previously closed at C$7.12.

HIVE Digital Technologies Trading Up 17.6%

The stock has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 25.36 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 business has a 50-day moving average of C$5.63 and a 200-day moving average of C$3.68.

Insider Activity

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

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