Bitfarms Ltd. (TSE:BITF – Get Free Report) Director Benjamin J. Gagnon acquired 50,000 shares of Bitfarms stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of C$2.26 per share, with a total value of C$113,032.80.
Bitfarms Trading Up 2.2 %
TSE BITF opened at C$2.32 on Friday. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35. The stock has a 50 day moving average of C$2.76 and a 200-day moving average of C$2.96. Bitfarms Ltd. has a 12 month low of C$2.12 and a 12 month high of C$5.25. The company has a market cap of C$1.05 billion, a PE ratio of -4.64 and a beta of 3.20.
Analyst Upgrades and Downgrades
Separately, ATB Capital dropped their target price on Bitfarms from C$7.00 to C$6.50 in a report on Thursday, November 14th.
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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