Bitfarms Ltd. (TSE:BITF - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as C$1.91 and last traded at C$1.92, with a volume of 1871955 shares traded. The stock had previously closed at C$2.00.
Analyst Ratings Changes
Separately, ATB Capital lowered their price target on Bitfarms from C$7.00 to C$6.50 in a research report on Thursday, November 14th.
Check Out Our Latest Stock Report on Bitfarms
Bitfarms Trading Up 0.5 %
The business has a 50-day simple moving average of C$2.34 and a two-hundred day simple moving average of C$2.71. The stock has a market cap of C$701.44 million, a price-to-earnings ratio of -4.50 and a beta of 3.20. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63.
Insiders Place Their Bets
In other news, Director Brian Howlett sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$2.44, for a total value of C$73,200.00. Also, Senior Officer Philippe Fortier bought 25,000 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of C$2.36 per share, for a total transaction of C$59,000.00. Insiders have acquired a total of 102,760 shares of company stock valued at $236,450 over the last 90 days. 23.38% of the stock is currently owned by insiders.
About Bitfarms
(
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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.
Further Reading
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