Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst Sells 329,257 Shares of Stock

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst sold 329,257 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $1.34, for a total transaction of $441,204.38. Following the completion of the sale, the director now owns 3,077,216 shares in the company, valued at $4,123,469.44. This represents a 9.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gryphon Digital Mining Stock Down 3.0%

NASDAQ GRYP opened at $1.29 on Wednesday. Gryphon Digital Mining, Inc. has a fifty-two week low of $0.13 and a fifty-two week high of $2.93. The stock has a market cap of $89.46 million, a price-to-earnings ratio of -4.78 and a beta of 2.31. The business has a fifty day moving average of $0.35 and a 200-day moving average of $0.42.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) EPS for the quarter. As a group, analysts anticipate that Gryphon Digital Mining, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “neutral” rating on shares of Gryphon Digital Mining in a research report on Tuesday, May 13th.

Institutional Investors Weigh In On Gryphon Digital Mining

An institutional investor recently bought a new position in Gryphon Digital Mining stock. Cambridge Investment Research Advisors Inc. acquired a new stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 390,724 shares of the company’s stock, valued at approximately $66,000. Cambridge Investment Research Advisors Inc. owned about 0.56% of Gryphon Digital Mining at the end of the most recent reporting period. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Company Profile

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.