Insider Selling: Bitfarms Ltd. (TSE:BITF) Director Sells 32,001 Shares of Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett sold 32,001 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$1.16, for a total transaction of C$37,121.16.

Bitfarms Stock Performance

Shares of BITF traded up C$0.03 during mid-day trading on Friday, reaching C$1.12. The company's stock had a trading volume of 1,415,671 shares, compared to its average volume of 2,436,762. The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68. Bitfarms Ltd. has a 1-year low of C$0.96 and a 1-year high of C$4.49. The business has a 50-day simple moving average of C$1.57 and a two-hundred day simple moving average of C$2.28. The stock has a market cap of C$392.81 million, a P/E ratio of -2.52 and a beta of 3.20.

Analyst Upgrades and Downgrades

Separately, ATB Capital cut their price objective on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating on the stock in a report on Friday, March 28th.

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.