HIVE Digital Technologies (CVE:HIVE) Stock Price Down 9.7% – Here’s Why

HIVE Digital Technologies Ltd. (CVE:HIVEGet Free Report)’s share price was down 9.7% during mid-day trading on Wednesday . The stock traded as low as C$5.85 and last traded at C$5.86. Approximately 917,714 shares traded hands during trading, a decline of 39% from the average daily volume of 1,509,651 shares. The stock had previously closed at C$6.49.

HIVE Digital Technologies Trading Down 11.7%

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 stock has a market cap of C$1.36 billion, a PE ratio of 17.36 and a beta of 4.61. The business has a 50 day moving average of C$6.58 and a 200-day moving average of C$4.19.

Insider Activity

In related news, Director Dave Perrill sold 100,000 shares of the firm’s 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 transaction of C$773,000.00. 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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