HIVE Digital Technologies (CVE:HIVE) Stock Price Down 6% – Should You Sell?

Shares of HIVE Digital Technologies Ltd. (CVE:HIVE) traded down 6% during mid-day trading on Tuesday . The stock traded as low as C$2.92 and last traded at C$2.97. 1,706,461 shares changed hands during mid-day trading, an increase of 87% from the average session volume of 910,520 shares. The stock had previously closed at C$3.16.

HIVE Digital Technologies Stock Down 6.0%

The company has a fifty day moving average price of C$2.69 and a 200-day moving average price of C$3.01. The company has a quick ratio of 0.85, a current ratio of 5.56 and a debt-to-equity ratio of 9.98. The stock has a market capitalization of C$272.81 million, a P/E ratio of -14.51 and a beta of 4.28.

Insiders Place Their Bets

In other news, Director Dave Perrill sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of C$2.79, for a total transaction of C$279,000.00. 0.40% of the stock is owned by insiders.

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.