Bitfarms Ltd. (TSE:BITF) Insider Sells C$499,915.41 in Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Riot Platforms, Inc. sold 450,496 shares of the company's stock in a transaction on Friday, June 20th. The shares were 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 shares were 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 value of C$2,854.03.
• On Wednesday, June 11th, Riot Platforms, Inc. sold 100 shares of Bitfarms stock. The shares were sold at an average price of C$1.24, for a total value 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 value of C$659.44.
• On Monday, June 9th, Riot Platforms, Inc. sold 925 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total value of C$1,160.29.
• On Monday, June 9th, Riot Platforms, Inc. sold 508 shares of Bitfarms stock. The stock was 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 stock was sold at an average price of C$1.25, for a total value of C$145.48.

Bitfarms Price Performance

Bitfarms stock traded down C$0.03 during mid-day trading on Monday, hitting C$1.03. The stock had a trading volume of 1,736,492 shares, compared to its average volume of 2,024,583. The firm has a market capitalization of C$361.24 million, a P/E ratio of -2.32 and a beta of 3.20. The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68. The firm's 50 day moving average is C$1.33 and its 200 day moving average is C$1.73. Bitfarms Ltd. has a one year low of C$0.96 and a one year high of C$4.30.

Analyst Upgrades and Downgrades

Separately, ATB Capital reduced their price objective on 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 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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