Shares of Bitfarms Ltd. (TSE:BITF - Get Free Report) traded up 0.8% during mid-day trading on Tuesday . The company traded as high as C$1.29 and last traded at C$1.26. 829,997 shares changed hands during trading, a decline of 61% from the average session volume of 2,146,493 shares. The stock had previously closed at C$1.25.
Analyst Upgrades and Downgrades
Separately, ATB Capital cut their price objective on Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating on the stock in a report on Friday, March 28th.
Get Our Latest Stock Analysis on Bitfarms
Bitfarms Price Performance
The stock has a market cap of C$413.85 million, a PE ratio of -2.66 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 company's fifty day moving average is C$1.32 and its 200 day moving average is C$1.91.
Insider Transactions at Bitfarms
In other Bitfarms news, Director Brian Howlett sold 32,001 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$1.16, for a total value of C$37,121.16. Also, Senior Officer Jeffrey Lucas sold 88,178 shares of Bitfarms stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of C$1.09, for a total transaction of C$96,114.02. Company insiders own 23.38% of the company's stock.
About Bitfarms
(
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Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.
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