Keel Infrastructure (NASDAQ:KEEL) Trading Up 8.9% – What’s Next?

Shares of Keel Infrastructure (NASDAQ:KEEL) were up 8.9% during mid-day trading on Wednesday . The company traded as high as $5.59 and last traded at $5.5850. Approximately 41,927,560 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 35,578,922 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KEEL shares. Weiss Ratings started coverage on shares of Keel Infrastructure in a research report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. HC Wainwright upped their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Lake Street Capital set a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Chardan Capital reiterated a “buy” rating and issued a $4.50 target price on shares of Keel Infrastructure in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Keel Infrastructure has an average rating of “Moderate Buy” and an average price target of $4.63.

Keel Infrastructure Price Performance

The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -41.08 and a beta of 3.89.

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.