HIVE Blockchain Technologies (OTCMKTS:HVBTF) Shares Up 6.7% – Time to Buy?

HIVE Blockchain Technologies Ltd. (OTCMKTS:HVBTF)’s stock price shot up 6.7% during mid-day trading on Thursday . The stock traded as high as $2.1550 and last traded at $2.07. 11,009,525 shares traded hands during mid-day trading, an increase of 178% from the average session volume of 3,960,986 shares. The stock had previously closed at $1.94.

HIVE Blockchain Technologies Stock Up 6.7%

The company has a fifty day simple moving average of $2.16 and a 200-day simple moving average of $3.35.

HIVE Blockchain Technologies Company Profile

HIVE Blockchain Technologies is a Canada-based blockchain infrastructure company that specializes in the mining and sale of digital currencies. The company is publicly traded on the TSX Venture Exchange and is cross-listed on the OTCMKTS under the symbol HVBTF. HIVE leverages high-performance computing hardware to validate transactions on major blockchain networks, with a focus on mining both Proof-of-Work and Proof-of-Stake cryptocurrencies.

HIVE operates a network of data centers across multiple jurisdictions, including facilities in Sweden, Iceland and Québec, Canada.