HIVE Digital Technologies (CVE:HIVE) Shares Down 11.9% – Time to Sell?

HIVE Digital Technologies Ltd. (CVE:HIVE) fell 11.9% during trading on Wednesday . The stock traded as low as C$5.68 and last traded at C$5.72. 1,291,462 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 1,511,750 shares. The stock had previously closed at C$6.49.

HIVE Digital Technologies Stock Down 11.7%

The business has a fifty day moving average of C$6.58 and a 200 day moving average of C$4.19. The stock has a market cap of C$1.36 billion, a price-to-earnings ratio of 17.36 and a beta of 4.61. The company has a debt-to-equity ratio of 9.98, a current ratio of 5.56 and a quick ratio of 0.85.

Insider Buying and Selling

In other news, Director Dave Perrill sold 100,000 shares of the stock in a transaction 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. 0.40% of the stock is owned by corporate insiders.

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.