HIVE Digital Technologies (CVE:HIVE) Stock Price Up 20.7% - Still a Buy?

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s share price rose 20.7% during trading on Wednesday . The stock traded as high as C$3.12 and last traded at C$2.97. Approximately 3,139,199 shares changed hands during mid-day trading, an increase of 275% from the average daily volume of 836,722 shares. The stock had previously closed at C$2.46.

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 business has a 50 day simple moving average of C$2.59 and a two-hundred day simple moving average of C$3.11. The firm has a market cap of C$289.34 million, a PE ratio of -15.39 and a beta of 4.28.

Insider Activity at HIVE Digital Technologies

In related news, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$2.79, for a total transaction of C$279,000.00. 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.