HIVE Digital Technologies (CVE:HIVE) Trading 3.1% Higher – Still a Buy?

HIVE Digital Technologies Ltd. (CVE:HIVE)’s share price traded up 3.1% during mid-day trading on Monday . The stock traded as high as C$3.15 and last traded at C$3.02. 1,213,010 shares traded hands during trading, a decline of 31% from the average session volume of 1,749,281 shares. The stock had previously closed at C$2.93.

HIVE Digital Technologies Trading Up 3.1%

The stock’s 50 day simple moving average is C$3.52 and its 200 day simple moving average is C$4.81. The firm has a market cap of C$764.84 million, a PE ratio of -3.92 and a beta of 2.14. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.85 and a current ratio of 1.74.

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. 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.