HIVE Digital Technologies (CVE:HIVE) Trading Down 3.5% – Here’s What Happened

HIVE Digital Technologies Ltd. (CVE:HIVE) was down 3.5% on Friday . The company traded as low as C$3.04 and last traded at C$3.04. Approximately 193,700 shares were traded during trading, a decline of 77% from the average daily volume of 859,598 shares. The stock had previously closed at C$3.15.

HIVE Digital Technologies Stock Down 2.9%

The stock’s 50 day simple moving average is C$2.60 and its two-hundred day simple moving average is C$3.08. The firm has a market cap of C$281.07 million, a P/E ratio of -14.95 and a beta of 4.28. 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 at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of C$2.79, for a total transaction of C$279,000.00. Corporate insiders own 0.40% of the company’s stock.

HIVE Digital Technologies Company Profile

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.