HIVE Digital Technologies (CVE:HIVE) Shares Down 7.2% – Here’s Why

HIVE Digital Technologies Ltd. (CVE:HIVE) shares fell 7.2% during mid-day trading on Monday . The company traded as low as C$2.69 and last traded at C$2.69. 185,361 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 870,561 shares. The stock had previously closed at C$2.90.

HIVE Digital Technologies Price Performance

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 company’s 50 day simple moving average is C$3.98 and its 200 day simple moving average is C$4.61. The company has a market capitalization of C$237.90 million, a PE ratio of -12.66 and a beta of 4.28.

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.