Investors Purchase Large Volume of Keel Infrastructure Call Options (NASDAQ:KEEL)

Key Points

• Unusual options activity: Traders bought 51,547 call options on Keel (NASDAQ:KEEL), roughly a 111% increase over the typical daily call volume of 24,456.
• Shares jumped 21.1%: KEEL rose $0.50 to $2.85 on Tuesday with 32.5 million shares traded, slightly below its average daily volume, leaving a market cap of about $1.72 billion and a 52-week range of $0.70–$6.60.
• Analyst update: Cantor Fitzgerald lowered its price target from $5.00 to $3.00 but maintained an "overweight" rating, and the consensus view is a "Buy" with an average target of $3.00.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 51,547 call options on the stock. This represents an increase of approximately 111% compared to the typical volume of 24,456 call options.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reduced their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $3.00.

Keel Infrastructure Stock Up 21.1%

NASDAQ KEEL traded up $0.50 on Tuesday, hitting $2.85. 32,523,102 shares of the stock were exchanged, compared to its average volume of 35,756,797. The company has a quick ratio of 5.52, a current ratio of 5.58 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -12.50 and a beta of 3.77. Keel Infrastructure has a 52-week low of $0.70 and a 52-week high of $6.60.

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.

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