Insider Selling: Bitfarms Ltd. (TSE:BITF) Insider Sells 450,496 Shares of Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Riot Platforms, Inc. sold 450,496 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$1.11, for a total transaction of C$499,915.41.

Riot Platforms, Inc. also recently made the following trade(s):

• On Wednesday, June 18th, Riot Platforms, Inc. sold 182,543 shares of Bitfarms stock. The stock was sold at an average price of C$1.10, for a total transaction of C$201,192.51.
• On Monday, June 16th, Riot Platforms, Inc. sold 1,500 shares of Bitfarms stock. The stock was sold at an average price of C$1.18, for a total transaction of C$1,767.09.
• On Monday, June 16th, Riot Platforms, Inc. sold 2,450 shares of Bitfarms stock. The stock was sold at an average price of C$1.16, for a total transaction of C$2,854.03.
• On Wednesday, June 11th, Riot Platforms, Inc. sold 100 shares of Bitfarms stock. The stock was sold at an average price of C$1.24, for a total transaction of C$123.83.
• On Monday, June 9th, Riot Platforms, Inc. sold 571 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$715.07.
• On Monday, June 9th, Riot Platforms, Inc. sold 1,418 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$1,776.95.
• On Monday, June 9th, Riot Platforms, Inc. sold 526 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$659.44.
• On Monday, June 9th, Riot Platforms, Inc. sold 925 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$1,160.29.
• On Monday, June 9th, Riot Platforms, Inc. sold 508 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$637.36.
• On Monday, June 9th, Riot Platforms, Inc. sold 116 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$145.48.

Bitfarms Stock Performance

Bitfarms stock traded down C$0.01 during mid-day trading on Thursday, reaching C$1.09. The company's stock had a trading volume of 598,880 shares, compared to its average volume of 1,993,048. The firm's fifty day moving average price is C$1.33 and its two-hundred day moving average price is C$1.72. The company has a market capitalization of C$382.28 million, a P/E ratio of -2.45 and a beta of 3.20. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.63 and a current ratio of 3.70. Bitfarms Ltd. has a 12-month low of C$0.96 and a 12-month high of C$4.30.

Wall Street Analyst Weigh In

Separately, ATB Capital reduced their price objective on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating for the company in a research note on Friday, March 28th.

About Bitfarms

Bitfarms is a global, publicly traded NASDAQ/TSX: BITF Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.