Bitfarms Ltd. (TSE:BITF) Senior Officer Purchases 25,000 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average price of C$2.36 per share, with a total value of C$59,000.00.

Bitfarms Trading Up 6.1 %

TSE:BITF traded up C$0.14 on Tuesday, reaching C$2.45. The stock had a trading volume of 3,258,642 shares, compared to its average volume of 3,959,319. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of -4.90 and a beta of 3.20. Bitfarms Ltd. has a 12-month low of C$2.12 and a 12-month high of C$5.25. 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 firm’s fifty day moving average is C$2.89 and its two-hundred day moving average is C$3.10.

Analyst Ratings Changes

Separately, ATB Capital dropped their price target on Bitfarms from C$7.00 to C$6.50 in a research 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.