Bitfarms Ltd. (TSE:BITF – Get Free Report) Senior Officer Paul Magrath sold 6,178 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$2.96, for a total value of C$18,286.88.
Bitfarms Stock Down 3.4 %
BITF opened at C$2.83 on Friday. Bitfarms Ltd. has a 1-year low of C$1.15 and a 1-year high of C$5.25. The company has a current ratio of 1.88, a quick ratio of 0.63 and a debt-to-equity ratio of 6.74. The stock has a market capitalization of C$945.64 million, a price-to-earnings ratio of -5.24 and a beta of 3.40. The business has a 50 day moving average of C$3.53 and a 200-day moving average of C$2.78.
Wall Street Analyst Weigh In
Separately, ATB Capital set a C$6.50 price objective on Bitfarms and gave the company an “outperform” rating in a research report on Monday, April 1st.
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.
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