Bitfarms Ltd. (TSE:BITF – Get Free Report) Director Brian Howlett purchased 4,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of C$3.01 per share, for a total transaction of C$13,545.00.
Bitfarms Price Performance
Shares of TSE:BITF opened at C$3.03 on Friday. The business’s 50 day simple moving average is C$3.04 and its 200-day simple moving average is C$3.07. The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -6.18 and a beta of 3.23. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. Bitfarms Ltd. has a 12 month low of C$1.26 and a 12 month high of C$5.25.
Wall Street Analysts Forecast Growth
Separately, ATB Capital boosted their price target on Bitfarms from C$5.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th.
Bitfarms Company Profile
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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