Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier Buys 25,000 Shares

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier purchased 25,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average cost of C$2.36 per share, for a total transaction of C$59,000.00.

Bitfarms Price Performance

Shares of TSE:BITF opened at C$2.45 on Thursday. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of -4.90 and a beta of 3.20. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. Bitfarms Ltd. has a 12 month low of C$2.12 and a 12 month high of C$5.25. The stock’s 50 day moving average price is C$2.88 and its 200 day moving average price is C$3.09.

Analyst Ratings Changes

Separately, ATB Capital lowered their target price on shares of 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.