Jeffrey Lucas Sells 88,178 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Jeffrey Lucas sold 88,178 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of C$1.09, for a total value of C$96,114.02.

Bitfarms Stock Performance

Shares of TSE BITF remained flat at C$1.16 during trading on Monday. 1,326,803 shares of the stock traded hands, compared to its average volume of 2,348,285. Bitfarms Ltd. has a 52-week low of C$0.96 and a 52-week high of C$4.49. The firm has a market cap of C$406.84 million, a price-to-earnings ratio of -2.61 and a beta of 3.20. The firm has a fifty day moving average of C$1.49 and a two-hundred day moving average of C$2.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered their target price on shares of Bitfarms from C$6.50 to C$3.75 and set an “outperform” rating for the company in a research note 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.