Bitfarms Ltd. (TSE:BITF – Get Free Report) Director Benjamin J. Gagnon acquired 50,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of C$2.26 per share, for a total transaction of C$113,032.80.
Bitfarms Stock Up 2.2 %
BITF stock opened at C$2.32 on Friday. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of -4.64 and a beta of 3.20. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. The business’s 50-day moving average is C$2.76 and its two-hundred day moving average is C$2.97. Bitfarms Ltd. has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.25.
Wall Street Analyst Weigh In
Separately, ATB Capital lowered their price target on Bitfarms from C$7.00 to C$6.50 in a 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.
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