Bitfarms (TSE:BITF) Director Sells C$379,427.70 in Stock

Key Points

• Director Brian Howlett sold 88,239 shares on Jan. 14 at an average of C$4.30 for C$379,427.70 (he also sold 30,000 shares at C$4.12), reducing his holdings to 144,946 shares—a 37.84% decrease in his position.
• BITF fell 5.8% to C$4.09 on Wednesday with volume of 6.25 million shares versus an average of 5.40 million, and the company carries a market cap of about C$2.45 billion.
• Bitfarms reported a quarterly loss of C($0.15) EPS, has a negative net margin (~69.2%) and high leverage (debt-to-equity 4.68), highlighting weak fundamentals despite a one-year trading range of C$0.96–C$9.27.

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett sold 88,239 shares of the firm's stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$4.30, for a total value of C$379,427.70. Following the sale, the director directly owned 144,946 shares in the company, valued at approximately C$623,267.80. This represents a 37.84% decrease in their position.

Brian Howlett also recently made the following trade(s):

• On Wednesday, January 14th, Brian Howlett sold 30,000 shares of Bitfarms stock. The stock was sold at an average price of C$4.12, for a total transaction of C$123,600.00.

Bitfarms Stock Down 5.8%

BITF traded down C$0.25 during trading on Wednesday, hitting C$4.09. The company had a trading volume of 6,252,445 shares, compared to its average volume of 5,404,297. The company has a market capitalization of C$2.45 billion, a PE ratio of -17.78 and a beta of 5.90. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. Bitfarms Ltd. has a one year low of C$0.96 and a one year high of C$9.27. The firm's 50-day moving average price is C$3.98 and its 200 day moving average price is C$3.44.

Bitfarms (TSE:BITF - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported C($0.15) earnings per share (EPS) for the quarter. The firm had revenue of C$96.42 million for the quarter. Bitfarms had a negative return on equity of 30.76% and a negative net margin of 69.20%. As a group, equities analysts expect that Bitfarms Ltd. will post 0.0339165 earnings per share for the current year.

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.

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