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

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett purchased 6,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was acquired at an average price 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 transaction of C$73,200.00.

Bitfarms Stock Performance

Shares of BITF stock opened at C$2.13 on Thursday. The business has a fifty day moving average of C$2.83 and a 200 day moving average of C$3.04. Bitfarms Ltd. has a 1 year low of C$2.12 and a 1 year high of C$5.25. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. The firm has a market capitalization of C$964.59 million, a price-to-earnings ratio of -4.26 and a beta of 3.20.

Analysts Set New Price Targets

Separately, ATB Capital dropped their target price on shares of Bitfarms from C$7.00 to C$6.50 in a research report 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.