Bitfarms Ltd. (TSE:BITF - Get Free Report)'s share price traded up 3.1% during mid-day trading on Tuesday . The stock traded as high as C$1.70 and last traded at C$1.67. 2,458,560 shares traded hands during trading, an increase of 19% from the average session volume of 2,064,198 shares. The stock had previously closed at C$1.62.
Bitfarms Trading Up 4.2%
The stock has a market cap of C$610.25 million, a price-to-earnings ratio of -3.92 and a beta of 3.20. The business's 50 day moving average is C$1.37 and its 200 day moving average is C$1.52. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63.
Insider Transactions at Bitfarms
In related news, insider Riot Platforms, Inc. sold 280,825 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of C$1.58, for a total value of C$442,439.79. Over the last ninety days, insiders sold 1,100,437 shares of company stock worth $1,422,407. 23.38% of the stock is owned by insiders.
Bitfarms Company Profile
(
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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