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HIVE Digital Technologies (CVE:HIVE) Trading 23.6% Higher - Still a Buy?

HIVE Digital Technologies logo with Financial Services background

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report)'s share price rose 23.6% on Wednesday . The stock traded as high as C$3.12 and last traded at C$3.04. Approximately 4,291,915 shares were traded during mid-day trading, an increase of 407% from the average daily volume of 846,763 shares. The stock had previously closed at C$2.46.

HIVE Digital Technologies Stock Up 24.8%

The company has a current ratio of 5.56, a quick ratio of 0.85 and a debt-to-equity ratio of 9.98. The firm has a market cap of C$281.99 million, a price-to-earnings ratio of -15.00 and a beta of 4.28. The firm's 50 day simple moving average is C$2.56 and its two-hundred day simple moving average is C$3.12.

Insider Buying and Selling at HIVE Digital Technologies

In related news, Director Dave Perrill sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was 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.

About HIVE Digital Technologies

(Get Free Report)

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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