HIVE Digital Technologies (CVE:HIVE) Trading 19.5% Higher - What's Next?

Shares of HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report) traded up 19.5% during mid-day trading on Wednesday . The stock traded as high as C$3.12 and last traded at C$2.94. 2,440,747 shares were traded during mid-day trading, an increase of 196% from the average session volume of 823,337 shares. The stock had previously closed at C$2.46.

HIVE Digital Technologies Stock Down 2.9%

The stock has a market cap of C$281.07 million, a PE ratio of -14.95 and a beta of 4.28. The business has a 50 day moving average price of C$2.60 and a 200 day moving average price of C$3.09. The company has a quick ratio of 0.85, a current ratio of 5.56 and a debt-to-equity ratio of 9.98.

Insider Buying and Selling

In other news, Director Dave Perrill sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were 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.

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.