HIVE Digital Technologies (CVE:HIVE) Trading Up 14.6% - Here's What Happened

Key Points

• HIVE Digital Technologies shares rose 14.6% to C$7.15, significantly increasing trading volume by 24% compared to average levels.
• The company's market capitalization is approximately C$1.78 billion, with a price-to-earnings ratio of 23.33 and a notable beta of 4.28.
• Insider transactions reported that Senior Officer Luke Rossy sold 133,625 shares at an average price of C$3.24 on July 24.

HIVE Digital Technologies Ltd. (CVE:HIVE - )'s share price rose 14.6% during trading on Monday . The stock traded as high as C$7.38 and last traded at C$7.15. Approximately 1,576,607 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 1,275,347 shares. The stock had previously closed at C$6.24.

HIVE Digital Technologies Stock Performance

The firm has a 50-day moving average of C$4.08 and a 200-day moving average of C$3.09. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 23.33 and a beta of 4.28. The company has a current ratio of 5.56, a quick ratio of 0.85 and a debt-to-equity ratio of 9.98.

Insider Transactions at HIVE Digital Technologies

In other news, Senior Officer Luke Rossy sold 133,625 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of C$3.24, for a total transaction of C$433,385.96. Corporate insiders own 0.40% of the company's stock.

About HIVE Digital Technologies

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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