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HIVE Digital Technologies (CVE:HIVE) Trading Up 12.5% - Still a Buy?

HIVE Digital Technologies logo with Financial Services background

Key Points

  • HIVE Digital Technologies Ltd. (CVE:HIVE) stock surged by 12.5% during trading, reaching a high of C$8.06 before closing at C$8.01.
  • The company reported a market capitalization of C$1.93 billion and a PE ratio of 25.36, indicating strong stock performance.
  • Insider transactions revealed that Director Dave Perrill sold 100,000 shares for a total of C$773,000, indicating potential shifts in insider confidence.
  • MarketBeat previews the top five stocks to own by November 1st.

HIVE Digital Technologies Ltd. (CVE:HIVE - Get Free Report) shares were up 12.5% during trading on Friday . The company traded as high as C$8.06 and last traded at C$8.01. Approximately 1,569,972 shares traded hands during trading, an increase of 5% from the average daily volume of 1,498,183 shares. The stock had previously closed at C$7.12.

HIVE Digital Technologies Price Performance

The stock's 50-day moving average is C$5.63 and its 200 day moving average is C$3.68. The stock has a market capitalization of C$1.93 billion, a PE ratio of 25.36 and a beta of 4.28. 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 Transactions at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock in a transaction that occurred 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.

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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