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

HIVE Digital Technologies Ltd. (CVE:HIVE) shares shot up 3.1% during trading on Monday . The company traded as high as C$3.15 and last traded at C$3.02. 1,213,010 shares were traded during mid-day 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 Stock Up 3.1%

The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 3.55. The stock has a 50-day simple moving average of C$3.52 and a two-hundred day simple moving average of 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.

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.