HIVE Digital Technologies (CVE:HIVE) Hits New 1-Year Low – Here’s Why

Shares of HIVE Digital Technologies Ltd. (CVE:HIVE) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$2.30 and last traded at C$2.31, with a volume of 428936 shares trading hands. The stock had previously closed at C$2.40.

HIVE Digital Technologies Stock Performance

The stock has a market capitalization of C$213.10 million, a price-to-earnings ratio of -11.34 and a beta of 4.28. The stock’s 50-day simple moving average is C$3.48 and its 200 day simple moving average is C$4.45. The company has a quick ratio of 0.85, a current ratio of 5.56 and a debt-to-equity ratio of 9.98.

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.