Bitfarms Ltd. (TSE:BITF – Get Free Report) Senior Officer Philippe Fortier bought 25,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was acquired at an average cost of C$2.36 per share, for a total transaction of C$59,000.00.
Bitfarms Stock Up 6.1 %
Bitfarms stock opened at C$2.45 on Thursday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. Bitfarms Ltd. has a one year low of C$2.12 and a one year high of C$5.25. The company has a 50-day simple moving average of C$2.88 and a 200-day simple moving average of C$3.09. The firm has a market capitalization of C$1.11 billion, a P/E ratio of -4.90 and a beta of 3.20.
Wall Street Analyst Weigh In
Separately, ATB Capital cut their price target on Bitfarms from C$7.00 to C$6.50 in a report on Thursday, November 14th.
About Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.
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