HIVE Digital Technologies (CVE:HIVE) Trading Up 3.1% – Should You Buy?

Shares of HIVE Digital Technologies Ltd. (CVE:HIVE) shot up 3.1% on Monday . The stock traded as high as C$3.15 and last traded at C$3.02. 1,213,010 shares changed 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 Price Performance

The company has a market capitalization of C$757.24 million, a price-to-earnings ratio of -3.88 and a beta of 2.14. The stock has a fifty day simple moving average of C$3.47 and a 200-day simple moving average of C$4.79. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.74 and a quick ratio of 0.85.

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.