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Bitfarms (TSE:BITF) Insider Sells C$224,175.00 in Stock

Bitfarms logo with Financial Services background

Key Points

  • Marc-André Ammann, an insider at Bitfarms, sold 52,500 shares at an average price of C$4.27, totaling C$224,175.00 on October 3rd.
  • Bitfarms' stock experienced a significant increase of 12.4%, reaching C$4.72 during midday trading, with a high trading volume of 9,443,573 shares.
  • The company, which operates Bitcoin mining farms in Canada, the US, Paraguay, and Argentina, has a market cap of C$2.61 billion and carries a debt-to-equity ratio of 4.68.
  • Five stocks to consider instead of Bitfarms.

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Marc-Andr� Ammann sold 52,500 shares of Bitfarms stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of C$4.27, for a total value of C$224,175.00.

Bitfarms Trading Up 12.4%

Shares of Bitfarms stock traded up C$0.52 during midday trading on Monday, reaching C$4.72. The company had a trading volume of 9,443,573 shares, compared to its average volume of 3,140,353. The stock has a fifty day moving average price of C$2.49 and a 200 day moving average price of C$1.73. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63. The firm has a market cap of C$2.61 billion, a PE ratio of -29.50 and a beta of 5.12. Bitfarms Ltd. has a fifty-two week low of C$0.96 and a fifty-two week high of C$4.96.

About Bitfarms

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Bitfarms (TSE:BITF)

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