Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst Sells 474,339 Shares of Stock

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst sold 474,339 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1.30, for a total value of $616,640.70. Following the completion of the transaction, the director now directly owns 621,644 shares of the company’s stock, valued at approximately $808,137.20. This trade represents a 43.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, May 19th, Daniel George Tolhurst sold 1,981,233 shares of Gryphon Digital Mining stock. The shares were sold at an average price of $1.45, for a total transaction of $2,872,787.85.
• 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 transaction of $441,204.38.

Gryphon Digital Mining Trading Up 8.2%

Shares of GRYP opened at $1.32 on Friday. The firm has a market cap of $91.54 million, a PE ratio of -4.89 and a beta of 2.31. The firm has a fifty day simple moving average of $0.40 and a two-hundred day simple moving average of $0.43. Gryphon Digital Mining, Inc. has a 1-year low of $0.13 and a 1-year high of $2.93.

Gryphon Digital Mining (NASDAQ:GRYP) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) EPS for the quarter. As a group, research analysts forecast that Gryphon Digital Mining, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gryphon Digital Mining stock. Murchinson Ltd. lifted its holdings in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 271.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,403,988 shares of the company’s stock after purchasing an additional 1,756,649 shares during the period. Murchinson Ltd. owned about 3.47% of Gryphon Digital Mining worth $409,000 at the end of the most recent reporting period. 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.