HIVE Blockchain Technologies Ltd. (OTCMKTS:HVBTF) dropped 7.5% during mid-day trading on Monday . The stock traded as low as $2.50 and last traded at $2.59. Approximately 4,291,224 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 3,960,986 shares. The stock had previously closed at $2.80.
Separately, HC Wainwright initiated coverage on shares of HIVE Blockchain Technologies in a research note on Tuesday, June 1st. They issued a “buy” rating on the stock.
The firm’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $3.01.
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It is involved in the mining and sale of digital currencies, such as Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.
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