Bitfarms Ltd. (TSE:BITF) Insider Sells C$442,439.79 in Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Riot Platforms, Inc. sold 280,825 shares of the business'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.

Riot Platforms, Inc. also recently made the following trade(s):

• On Wednesday, July 16th, Riot Platforms, Inc. sold 600 shares of Bitfarms stock. The shares were sold at an average price of C$1.46, for a total value of C$875.43.
• On Friday, July 11th, Riot Platforms, Inc. sold 99,409 shares of Bitfarms stock. The shares were sold at an average price of C$1.58, for a total value of C$156,618.88.
• On Tuesday, July 8th, Riot Platforms, Inc. sold 9,590 shares of Bitfarms stock. The shares were sold at an average price of C$1.49, for a total value of C$14,255.06.
• On Monday, July 7th, Riot Platforms, Inc. sold 57,783 shares of Bitfarms stock. The shares were sold at an average price of C$1.45, for a total value of C$83,912.47.
• On Wednesday, June 25th, Riot Platforms, Inc. sold 200 shares of Bitfarms stock. The shares were sold at an average price of C$1.13, for a total value of C$225.79.
• On Wednesday, June 25th, Riot Platforms, Inc. sold 3,582 shares of Bitfarms stock. The stock was sold at an average price of C$1.10, for a total value of C$3,947.88.
• On Friday, June 20th, Riot Platforms, Inc. sold 450,496 shares of Bitfarms stock. The stock was sold at an average price of C$1.11, for a total value of C$499,915.41.
• On Wednesday, June 18th, Riot Platforms, Inc. sold 182,543 shares of Bitfarms stock. The stock was sold at an average price of C$1.10, for a total value of C$201,192.51.
• On Monday, June 16th, Riot Platforms, Inc. sold 1,500 shares of Bitfarms stock. The stock was sold at an average price of C$1.18, for a total value of C$1,767.09.
• On Monday, June 16th, Riot Platforms, Inc. sold 2,450 shares of Bitfarms stock. The stock was sold at an average price of C$1.16, for a total value of C$2,854.03.

Bitfarms Price Performance

BITF stock traded down C$0.02 during midday trading on Friday, reaching C$1.44. 983,936 shares of the company's stock traded hands, compared to its average volume of 1,956,508. The company has a 50-day simple moving average of C$1.33 and a two-hundred day simple moving average of C$1.58. Bitfarms Ltd. has a 1-year low of C$0.96 and a 1-year high of C$4.00. The company has a market cap of C$505.04 million, a price-to-earnings 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.

Wall Street Analyst Weigh In

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.

Bitfarms Company Profile

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.