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Hive Blockchain Technologies Ltd
Symbol HIVE
Shares Issued 239,447,940
Close 2017-12-13 C$ 3.50
Recent Sedar Documents

Globe says 5i recommends Mogo, Goldmoney and Hive

2017-12-14 08:23 ET - In the News

See In the News (C-MOGO) Mogo Finance Technology Inc

The Globe and Mail reports in its Thursday, Dec. 14, edition that 5i Research chief executive officer Ryan Modesto says when it comes to stocks in the cryptocurrency sector, "Volatility is the name of the game." The Globe's Brenda Bouw writes that Mr. Modesto says investors need to approach the sector "with caution and their eyes open." For investors with some "play money," Mr. Modesto suggests sticking to better-known companies or those with underlying businesses beyond just bitcoin or other virtual assets. Some of his suggestions include Mogo Finance Technology and Goldmoney, as well as Hive Blockchain Technologies, the latter of which is backed by famous financiers in the gold-mining industry such as Frank Giustra. "If you're looking [for] exposure to digital currencies or blockchain, these are the three names you might look into first before going into some of the smaller, higher-risk names," says Mr. Modesto, who does not formally cover these companies. Still, Mr. Modesto says investors also need to be wary given the soaring valuations of stocks like Hive, which has risen by about 400 per cent since the company started trading on Sept. 18. Its market capitalization has surpassed $900-million.

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