Bitfarms Ltd. (TSE:BITF) Director Buys C$13,140.00 in Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett acquired 6,000 shares of Bitfarms stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$2.19 per share, with a total value of C$13,140.00.

Brian Howlett also recently made the following trade(s):

• On Thursday, December 19th, Brian Howlett sold 30,000 shares of Bitfarms stock. The shares were sold at an average price of C$2.44, for a total value of C$73,200.00.

Bitfarms Stock Down 4.5 %

TSE:BITF opened at C$2.13 on Thursday. The company’s 50-day simple moving average is C$2.83 and its 200-day simple moving average is C$3.04. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. Bitfarms Ltd. has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.25. The stock has a market capitalization of C$964.59 million, a P/E ratio of -4.26 and a beta of 3.20.

Wall Street Analysts Forecast Growth

Separately, ATB Capital decreased their price objective on Bitfarms from C$7.00 to C$6.50 in a research note on Thursday, November 14th.

Bitfarms Company Profile

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.