Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Philippe Fortier acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of C$1.22 per share, with a total value of C$12,242.32.
Bitfarms Stock Down 6.1%
TSE:BITF traded down C$0.08 during trading hours on Wednesday, reaching C$1.23. 1,105,416 shares of the stock were exchanged, compared to its average volume of 2,092,242. Bitfarms Ltd. has a twelve month low of C$0.96 and a twelve month high of C$4.49. 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 50 day moving average of C$1.33 and a 200 day moving average of C$1.85. The stock has a market cap of C$431.39 million, a PE ratio of -2.77 and a beta of 3.20.
Analyst Ratings Changes
Separately, ATB Capital decreased their price objective on 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.
Check Out Our Latest Analysis on Bitfarms
Bitfarms Company Profile
(
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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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