Gryphon Digital Mining (NASDAQ:GRYP) Shares Down 18.2% – Should You Sell?

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

Gryphon Digital Mining Price Performance

The firm has a 50 day moving average of $0.34 and a two-hundred day moving average of $0.51.

Insider Activity

In related news, SVP Peter Eric Gallie purchased 145,236 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $0.39 per share, for a total transaction of $56,642.04. Following the completion of the acquisition, the senior vice president now owns 145,236 shares of the company’s stock, valued at approximately $56,642.04. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brittany Kaiser sold 604,581 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 604,581 shares in the company, valued at approximately $211,603.35. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd increased its holdings in shares of 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 (SEC). 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 about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.