Bitfarms (TSE:BITF) Shares Down 9.6%

Bitfarms Ltd. (TSE:BITFGet Rating) fell 9.6% on Monday . The company traded as low as C$0.99 and last traded at C$1.04. 203,876 shares traded hands during trading, a decline of 79% from the average session volume of 962,428 shares. The stock had previously closed at C$1.15.

Bitfarms Stock Performance

The company has a debt-to-equity ratio of 36.89, a quick ratio of 0.60 and a current ratio of 1.29. The stock has a market cap of C$206.34 million and a PE ratio of 5.26. The firm has a 50-day moving average price of C$1.40 and a 200-day moving average price of C$2.08.

Insider Activity

In related news, Director Emiliano Joel Grodzki sold 398,595 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of C$1.39, for a total value of C$554,191.34. Following the completion of the transaction, the director now directly owns 7,698,443 shares in the company, valued at approximately C$10,703,622.61.

About Bitfarms

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Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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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