Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst Sells 1,981,233 Shares of Stock

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst sold 1,981,233 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $1.45, for a total value of $2,872,787.85. Following the completion of the sale, the director now directly owns 1,095,983 shares in the company, valued at approximately $1,589,175.35. The trade was a 64.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Daniel George Tolhurst also recently made the following trade(s):

• On Friday, May 16th, Daniel George Tolhurst sold 329,257 shares of Gryphon Digital Mining stock. The stock was sold at an average price of $1.34, for a total value of $441,204.38.

Gryphon Digital Mining Price Performance

Shares of Gryphon Digital Mining stock opened at $1.22 on Thursday. The stock has a market capitalization of $84.60 million, a price-to-earnings ratio of -4.52 and a beta of 2.31. The business has a 50-day moving average of $0.37 and a 200 day moving average of $0.42. Gryphon Digital Mining, Inc. has a 12 month low of $0.13 and a 12 month high of $2.93.

Gryphon Digital Mining (NASDAQ:GRYP) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. Equities research analysts anticipate that Gryphon Digital Mining, Inc. will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Gryphon Digital Mining in a research note on Tuesday, May 13th.

Institutional Investors Weigh In On Gryphon Digital Mining

A hedge fund recently bought a new stake in Gryphon Digital Mining stock. Cambridge Investment Research Advisors Inc. purchased a new position in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 390,724 shares of the company’s stock, valued at approximately $66,000. Cambridge Investment Research Advisors Inc. owned approximately 0.56% of Gryphon Digital Mining as of its most recent SEC filing. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Company Profile

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.