Bitfarms (TSE:BITF) Director Sells C$17,710.62 in Stock

Key Points

• Brian Howlett, a director at Bitfarms, sold 10,006 shares at an average price of C$1.77, resulting in a transaction totaling C$17,710.62 and a 15.88% decrease in his position.
• Bitfarms' stock traded at C$2.18, with a significant increase in trading volume compared to its average, and has a market capitalization of C$1.20 billion.
• The company operates 10 Bitcoin mining farms across four countries and utilizes a proprietary data analytics system to optimize operational performance.

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett sold 10,006 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$1.77, for a total transaction of C$17,710.62. Following the sale, the director directly owned 52,993 shares of the company's stock, valued at C$93,797.61. The trade was a 15.88% decrease in their position.

Bitfarms Stock Performance

Shares of TSE BITF traded up C$0.41 during trading on Tuesday, hitting C$2.18. The company had a trading volume of 9,696,387 shares, compared to its average volume of 2,250,135. The stock has a 50 day simple moving average of C$1.65 and a 200 day simple moving average of C$1.46. 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$3.85. The firm has a market capitalization of C$1.20 billion, a P/E ratio of -13.63 and a beta of 4.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.