Bitfarms Ltd. (TSE:BITF - Get Free Report)'s stock price traded up 1.4% on Monday . The company traded as high as C$1.58 and last traded at C$1.48. 2,386,505 shares traded hands during trading, an increase of 21% from the average session volume of 1,976,753 shares. The stock had previously closed at C$1.46.
Analysts Set New Price Targets
Separately, ATB Capital decreased their price target on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating for the company in a research report on Friday, March 28th.
View Our Latest Report on Bitfarms
Bitfarms Trading Down 1.4%
The stock has a market capitalization of C$505.04 million, a PE ratio of -3.24 and a beta of 3.20. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. The business's 50-day moving average is C$1.33 and its two-hundred day moving average is C$1.58.
Insider Buying and Selling
In related news, insider Riot Platforms, Inc. sold 450,496 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$1.11, for a total transaction of C$499,915.41. Insiders have sold 1,100,437 shares of company stock valued at $1,422,407 in the last quarter. Insiders own 23.38% of the company's stock.
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.
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