Brian Howlett Sells 32,001 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett sold 32,001 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$1.16, for a total transaction of C$37,121.16.

Bitfarms Stock Down 7.5 %

BITF stock opened at C$0.98 on Wednesday. The company’s 50 day moving average price is C$1.65 and its 200 day moving average price is C$2.32. The firm has a market capitalization of C$343.71 million, a price-to-earnings ratio of -2.21 and a beta of 3.20. Bitfarms Ltd. has a fifty-two week low of C$0.97 and a fifty-two week high of C$4.49. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.63 and a current ratio of 3.70.

Analyst Ratings Changes

Separately, ATB Capital decreased their target price on Bitfarms from C$6.50 to C$3.75 and set an “outperform” rating for the company in a report on Friday, March 28th.

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.