HIVE Digital Technologies (CVE:HIVE) Stock Price Down 11.9% – What’s Next?

HIVE Digital Technologies Ltd. (CVE:HIVE) shares dropped 11.9% during mid-day trading on Wednesday . The company traded as low as C$5.68 and last traded at C$5.72. Approximately 1,291,462 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 1,511,750 shares. The stock had previously closed at C$6.49.

HIVE Digital Technologies Price Performance

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

Insider Buying and Selling at HIVE Digital Technologies

In other HIVE Digital Technologies news, Director Dave Perrill sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of C$7.73, for a total value of C$773,000.00. 0.40% of the stock is currently owned by 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.