HIVE Digital Technologies (CVE:HIVE) Stock Price Down 11.2% – Time to Sell?

HIVE Digital Technologies Ltd. (CVE:HIVE)’s stock price dropped 11.2% on Wednesday . The company traded as low as C$5.68 and last traded at C$5.76. Approximately 1,563,689 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 1,512,866 shares. The stock had previously closed at C$6.49.

HIVE Digital Technologies Trading Down 11.7%

The stock has a market capitalization of C$1.36 billion, a P/E ratio of 17.36 and a beta of 4.61. The stock’s 50 day moving average price is C$6.58 and its 200-day moving average price is C$4.19. The company has a quick ratio of 0.85, a current ratio of 5.56 and a debt-to-equity ratio of 9.98.

Insider Buying and Selling at HIVE Digital Technologies

In related news, Director Dave Perrill sold 100,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was 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 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.