Bitfarms Ltd. (TSE:BITF – Get Free Report) Director Edie Hofmeister purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was bought at an average cost of C$2.30 per share, with a total value of C$23,040.00.
Bitfarms Stock Performance
TSE:BITF opened at C$2.27 on Wednesday. The company’s 50-day moving average is C$2.75 and its two-hundred day moving average is C$2.94. Bitfarms Ltd. has a 1-year low of C$2.12 and a 1-year 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 has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -4.54 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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