Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Sells $441,204.38 in Stock

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst sold 329,257 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $1.34, for a total transaction of $441,204.38. Following the completion of the transaction, the director now owns 3,077,216 shares of the company’s stock, valued at approximately $4,123,469.44. The trade was a 9.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gryphon Digital Mining Price Performance

Shares of NASDAQ GRYP traded down $0.04 during mid-day trading on Tuesday, hitting $1.29. 14,073,613 shares of the company’s stock traded hands, compared to its average volume of 3,527,654. The company has a market capitalization of $89.46 million, a P/E ratio of -4.78 and a beta of 2.31. Gryphon Digital Mining, Inc. has a 1 year low of $0.13 and a 1 year high of $2.93. The company’s 50-day moving average is $0.33 and its two-hundred day moving average is $0.41.

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

Hedge Funds Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. Murchinson Ltd. raised its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 271.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,403,988 shares of the company’s stock after buying an additional 1,756,649 shares during the period. Murchinson Ltd. owned about 3.47% of Gryphon Digital Mining worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 10.21% of the company’s stock.

Wall Street Analyst Weigh In

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

About Gryphon Digital Mining

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.