HIVE Digital Technologies (CVE:HIVE) Trading 17.7% Higher - Time to Buy?

Key Points

• HIVE Digital Technologies shares rose by 17.7% to C$8.38, with trading volume increasing by 67% compared to the average session.
• The company, specializing in cryptocurrency mining, has a market cap of C$1.94 billion and a P/E ratio of 25.55.
• Director Dave Perrill sold 100,000 shares at an average price of C$7.73, reflecting a total transaction value of C$773,000.

HIVE Digital Technologies Ltd. (CVE:HIVE - )'s share price traded up 17.7% during trading on Friday . The stock traded as high as C$8.38 and last traded at C$8.38. 2,504,457 shares traded hands during trading, an increase of 67% from the average session volume of 1,503,280 shares. The stock had previously closed at C$7.12.

HIVE Digital Technologies Stock Up 18.4%

The company has a market cap of C$1.94 billion, a P/E ratio of 25.55 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 simple moving average is C$5.63 and its 200 day simple moving average is C$3.68.

Insider Activity

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