Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Jeffrey Lucas sold 88,178 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$1.09, for a total value of C$96,114.02.
Bitfarms Price Performance
Shares of TSE:BITF traded up C$0.04 during trading on Friday, hitting C$1.45. 1,543,553 shares of the stock were exchanged, compared to its average volume of 2,326,040. The company has a market cap of C$508.54 million, a PE ratio of -3.26 and a beta of 3.20. 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 company has a fifty day moving average price of C$1.42 and a two-hundred day moving average price of C$2.18. Bitfarms Ltd. has a 12-month low of C$0.96 and a 12-month high of C$4.49.
Wall Street Analyst Weigh In
Separately, ATB Capital reduced their price objective on shares of 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.
View Our Latest Stock Report on BITF
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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