HIVE Digital Technologies (CVE:HIVE) Trading Down 11.8% - Here's What Happened

Key Points

• Shares fell 11.8% intraday — HIVE traded as low as C$2.97 and last at C$3.00 on increased volume of ~1.9M shares (about 12% above average) after a prior close of C$3.40.
• Key financial metrics — market cap C$731.91M, debt-to-equity 3.55, quick ratio 0.85, current ratio 1.74, negative PE of -3.75, beta 2.19, with a 50-day SMA of C$2.91 vs 200-day SMA of C$4.53.
• Business profile — HIVE is a cryptocurrency mining and data-center operator in Canada, Sweden and Iceland that mines and sells digital currencies (including Ethereum Classic and Bitcoin) and rebranded to HIVE Digital Technologies in July 2023.

HIVE Digital Technologies Ltd. (CVE:HIVE - ) shares were down 11.8% during trading on Thursday . The stock traded as low as C$2.97 and last traded at C$3.00. Approximately 1,900,057 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 1,694,781 shares. The stock had previously closed at C$3.40.

HIVE Digital Technologies Stock Down 15.0%

The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.85 and a current ratio of 1.74. The company has a market cap of C$731.91 million, a PE ratio of -3.75 and a beta of 2.19. The firm has a fifty day simple moving average of C$2.91 and a 200 day simple moving average of C$4.53.

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. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

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