Bitfarms (TSE:BITF) Trading Up 9.1%

Bitfarms Ltd. (TSE:BITFGet Rating)’s stock price was up 9.1% during mid-day trading on Monday . The company traded as high as C$1.44 and last traded at C$1.44. Approximately 481,909 shares changed hands during trading, a decline of 69% from the average daily volume of 1,530,551 shares. The stock had previously closed at C$1.32.

Bitfarms Trading Down 1.4 %

The stock has a 50 day moving average of C$1.38 and a 200-day moving average of C$1.17. The company has a market capitalization of C$343.27 million, a P/E ratio of -1.01 and a beta of 3.09. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 25.44.

Insiders Place Their Bets

In other Bitfarms news, Director Andres Finkielsztain sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of C$1.29, for a total value of C$38,700.00. 7.12% of the stock is currently owned by corporate insiders.

Bitfarms Company Profile

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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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