Insider Selling: Bitfarms Ltd. (TSE:BITF) Insider Sells 9,590 Shares of Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Riot Platforms, Inc. sold 9,590 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of C$1.49, for a total value of C$14,255.06.

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

• On Monday, July 7th, Riot Platforms, Inc. sold 57,783 shares of Bitfarms stock. The stock was sold at an average price of C$1.45, for a total transaction of C$83,912.47.
• On Wednesday, June 25th, Riot Platforms, Inc. sold 200 shares of Bitfarms stock. The stock was sold at an average price of C$1.13, for a total transaction 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 transaction 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 transaction of C$499,915.41.
• On Wednesday, June 18th, Riot Platforms, Inc. sold 182,543 shares of Bitfarms stock. The shares were sold at an average price of C$1.10, for a total transaction 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 transaction 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 transaction of C$2,854.03.
• On Wednesday, June 11th, Riot Platforms, Inc. sold 100 shares of Bitfarms stock. The stock was sold at an average price of C$1.24, for a total transaction of C$123.83.
• On Monday, June 9th, Riot Platforms, Inc. sold 571 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$715.07.
• On Monday, June 9th, Riot Platforms, Inc. sold 1,418 shares of Bitfarms stock. The stock was sold at an average price of C$1.25, for a total transaction of C$1,776.95.

Bitfarms Stock Performance

Bitfarms stock traded up C$0.06 during trading hours on Thursday, reaching C$1.47. 1,595,904 shares of the stock were exchanged, compared to its average volume of 1,975,296. The stock has a market cap of C$515.56 million, a P/E ratio of -3.31 and a beta of 3.20. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.63 and a current ratio of 3.70. Bitfarms Ltd. has a 52-week low of C$0.96 and a 52-week high of C$4.30. The firm's 50 day moving average is C$1.32 and its 200 day moving average is C$1.62.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their target price on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating on the stock in a research report on Friday, March 28th.

About Bitfarms

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.