HIVE Digital Technologies (CVE:HIVE) Shares Up 1.3% – Here’s What Happened

HIVE Digital Technologies Ltd. (CVE:HIVE) rose 1.3% during mid-day trading on Monday . The company traded as high as C$4.15 and last traded at C$4.01. Approximately 1,401,056 shares were traded during trading, a decline of 10% from the average daily volume of 1,555,754 shares. The stock had previously closed at C$3.96.

HIVE Digital Technologies Price Performance

The business has a fifty day moving average of C$5.53 and a 200 day moving average of C$4.56. 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 stock has a market cap of C$925.69 million, a PE ratio of 16.91 and a beta of 4.97.

Insider Activity at HIVE Digital Technologies

In other news, Director Dave Perrill sold 100,000 shares of the firm’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 transaction of C$773,000.00. Company insiders own 0.40% of the company’s stock.

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. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.