Insider Selling: Bitfarms Ltd. (TSE:BITF) Director Sells 30,000 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$2.44, for a total transaction of C$73,200.00.

Brian Howlett also recently made the following trade(s):

• On Friday, September 27th, Brian Howlett bought 4,500 shares of Bitfarms stock. The stock was acquired at an average cost of C$3.01 per share, for a total transaction of C$13,545.00.

Bitfarms Stock Performance

Shares of TSE:BITF opened at C$2.43 on Monday. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. The business’s fifty day moving average price is C$2.89 and its two-hundred day moving average price is C$3.11. Bitfarms Ltd. has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.25. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -4.86 and a beta of 3.20.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their price objective 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.