Philippe Fortier Purchases 25,000 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier acquired 25,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average cost of C$2.36 per share, with a total value of C$59,000.00.

Bitfarms Trading Up 6.1 %

TSE BITF opened at C$2.45 on Friday. The stock has a market cap of C$1.11 billion, a P/E ratio of -4.90 and a beta of 3.20. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35. The company has a fifty day simple moving average of C$2.88 and a two-hundred day simple moving average of C$3.09. Bitfarms Ltd. has a 12-month low of C$2.12 and a 12-month high of C$5.25.

Analyst Ratings Changes

Separately, ATB Capital dropped their price target on Bitfarms from C$7.00 to C$6.50 in a research note 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.