HIVE Blockchain Technologies (CVE:HIVE) Shares Down 6.1%

HIVE Blockchain Technologies Ltd (CVE:HIVE)’s share price fell 6.1% on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31, 911,337 shares traded hands during trading. A decline of 16% from the average session volume of 1,086,323 shares. The stock had previously closed at C$0.33.

The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.20 and a current ratio of 3.22. The stock has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.47. The stock has a market capitalization of $92.82 million and a price-to-earnings ratio of -1.16.

In other HIVE Blockchain Technologies news, insider Genesis Mining Ltd. sold 1,850,560 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of C$0.50, for a total transaction of C$929,721.34. Following the completion of the sale, the insider now directly owns 59,359,585 shares in the company, valued at approximately C$29,822,255.50. Over the last quarter, insiders have sold 4,855,560 shares of company stock valued at $2,147,959.

HIVE Blockchain Technologies Company Profile (CVE:HIVE)

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining firm. It engages in the mining and sale of digital currencies, such as Ethereum, Ethereum Classic, and ZCash. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017.

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