HIVE Digital Technologies (CVE:HIVE) Stock Price Up 4.8%

HIVE Digital Technologies Ltd. (CVE:HIVE) traded up 4.8% during mid-day trading on Friday . The stock traded as high as C$3.74 and last traded at C$3.74. 230,604 shares traded hands during trading, a decline of 67% from the average session volume of 697,024 shares. The stock had previously closed at C$3.57.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price target on shares of HIVE Digital Technologies from C$6.50 to C$9.00 in a research report on Tuesday, January 9th.

HIVE Digital Technologies Trading Up 4.8 %

The firm has a market capitalization of C$346.10 million, a P/E ratio of -6.03 and a beta of 4.29. The stock’s 50-day simple moving average is C$4.62 and its two-hundred day simple moving average is C$4.69. The company has a debt-to-equity ratio of 18.26, a current ratio of 3.51 and a quick ratio of 0.85.

Insiders Place Their Bets

In other HIVE Digital Technologies news, Director Dave Perrill sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of C$4.47, for a total value of C$100,575.00. Insiders sold a total of 75,000 shares of company stock worth $322,175 over the last three months. 0.24% of the stock is currently owned by company 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.