Bitfarms Ltd. (TSE:BITF) Senior Officer Purchases C$24,048.00 in Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier acquired 10,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of C$2.40 per share, with a total value of C$24,048.00.

Philippe Fortier also recently made the following trade(s):

• On Tuesday, December 24th, Philippe Fortier purchased 25,000 shares of Bitfarms stock. The stock was acquired at an average price of C$2.36 per share, with a total value of C$59,000.00.

Bitfarms Price Performance

Bitfarms stock traded down C$0.16 during trading on Friday, reaching C$2.29. The company had a trading volume of 1,606,951 shares, compared to its average volume of 3,949,506. 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 firm’s 50-day simple moving average is C$2.88 and its 200 day simple moving average is C$3.08. The firm has a market capitalization of C$1.04 billion, a PE ratio of -4.58 and a beta of 3.20. Bitfarms Ltd. has a 1-year low of C$2.12 and a 1-year high of C$5.25.

Wall Street Analysts Forecast Growth

Separately, ATB Capital dropped their price objective on Bitfarms from C$7.00 to C$6.50 in a report on Thursday, November 14th.

About Bitfarms

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.