Marc-Andr� Ammann Sells 70,000 Shares of Bitfarms (TSE:BITF) Stock

Key Points

• Marc-André Ammann, an insider at Bitfarms Ltd., sold a total of 70,000 shares at an average price of C$5.20, totaling C$364,000, on October 8th.
• Earlier in the month, Ammann also sold 52,500 shares at an average price of C$4.27, indicating recent selling activity.
• Bitfarms' stock has seen significant price movement, with a one-year low of C$0.96 and a high of C$7.12, and recently traded at C$6.03.

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Marc-Andr� Ammann sold 70,000 shares of the firm's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of C$5.20, for a total value of C$364,000.00.

Marc-Andr� Ammann also recently made the following trade(s):

• On Friday, October 3rd, Marc-Andr� Ammann sold 52,500 shares of Bitfarms stock. The stock was sold at an average price of C$4.27, for a total value of C$224,175.00.

Bitfarms Stock Performance

Shares of TSE BITF traded up C$0.16 during mid-day trading on Friday, hitting C$6.03. The company had a trading volume of 18,465,362 shares, compared to its average volume of 3,401,691. Bitfarms Ltd. has a 1 year low of C$0.96 and a 1 year high of C$7.12. The stock's 50-day moving average price is C$2.77 and its 200-day moving average price is C$1.83. 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 market capitalization of C$3.33 billion, a price-to-earnings ratio of -37.69 and a beta of 5.12.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.