Bitfarms Ltd. (TSE:BITF - Get Free Report) shares traded down 2.1% during trading on Friday . The company traded as low as C$1.37 and last traded at C$1.40. 157,009 shares traded hands during trading, a decline of 92% from the average session volume of 1,996,054 shares. The stock had previously closed at C$1.43.
Analysts Set New Price Targets
Separately, ATB Capital lowered their price objective on Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating for the company in a research note on Friday, March 28th.
Get Our Latest Stock Report on Bitfarms
Bitfarms Stock Down 3.5%
The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68. The stock has a 50-day simple moving average of C$1.32 and a 200-day simple moving average of C$1.64. The company has a market cap of C$483.99 million, a price-to-earnings ratio of -3.11 and a beta of 3.20.
Insiders Place Their Bets
In other Bitfarms news, Senior Officer Jeffrey Lucas sold 88,178 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$1.09, for a total transaction of C$96,114.02. Also, insider Riot Platforms, Inc. sold 450,496 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$1.11, for a total value of C$499,915.41. Insiders have sold a total of 740,408 shares of company stock valued at $820,419 in the last quarter. 23.38% of the stock is currently owned by insiders.
About Bitfarms
(
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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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