Brian Howlett Sells 32,001 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett sold 32,001 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$1.16, for a total value of C$37,121.16.

Bitfarms Stock Up 2.8 %

Shares of BITF traded up C$0.03 during trading hours on Friday, reaching C$1.12. The company's stock had a trading volume of 1,415,671 shares, compared to its average volume of 2,436,762. The company has a 50 day moving average of C$1.57 and a two-hundred day moving average of C$2.28. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. The firm has a market cap of C$392.81 million, a price-to-earnings ratio of -2.52 and a beta of 3.20. Bitfarms Ltd. has a 1-year low of C$0.96 and a 1-year high of C$4.49.

Analyst Ratings Changes

Separately, ATB Capital decreased their price target on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating on the stock in a research report on Friday, March 28th.

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.