Gryphon Digital Mining (NASDAQ:GRYP) Shares Down 18.2% – Time to Sell?

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) shares were down 18.2% on Monday . The company traded as low as $0.19 and last traded at $0.19. Approximately 1,165,343 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 1,055,470 shares. The stock had previously closed at $0.23.

Gryphon Digital Mining Trading Down 8.7 %

The company has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.50.

Insider Buying and Selling at Gryphon Digital Mining

In other news, Director Brittany Kaiser sold 604,581 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the completion of the sale, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel George Tolhurst purchased 96,824 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $0.39 per share, with a total value of $37,761.36. Following the acquisition, the director now directly owns 3,406,473 shares in the company, valued at approximately $1,328,524.47. The trade was a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd boosted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the period. XTX Topco Ltd owned approximately 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. Institutional investors own 10.21% of the company’s stock.

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.