HIVE Digital Technologies (CVE:HIVE) Trading Up 4.8%

HIVE Digital Technologies Ltd. (CVE:HIVE)’s share price was up 4.8% during mid-day trading on Friday . The company traded as high as C$3.74 and last traded at C$3.74. Approximately 230,604 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 697,024 shares. The stock had previously closed at C$3.57.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price target on shares of HIVE Digital Technologies from C$6.50 to C$9.00 in a research note on Tuesday, January 9th.

HIVE Digital Technologies Trading Up 4.8 %

The stock has a 50-day simple moving average of C$4.64 and a two-hundred day simple moving average of C$4.68. The company has a debt-to-equity ratio of 18.26, a quick ratio of 0.85 and a current ratio of 3.51. The firm has a market cap of C$346.10 million, a PE ratio of -6.03 and a beta of 4.29.

Insiders Place Their Bets

In other HIVE Digital Technologies news, Director Dave Perrill sold 10,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of C$4.11, for a total value of C$41,100.00. In the last 90 days, insiders sold 75,000 shares of company stock valued at $322,175. 0.24% of the stock is owned by insiders.

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.