Bitfarms Ltd. (TSE:BITF - Get Free Report)'s share price dropped 2% during trading on Thursday . The company traded as low as C$2.93 and last traded at C$2.95. Approximately 8,428,441 shares changed hands during trading, an increase of 118% from the average daily volume of 3,874,726 shares. The stock had previously closed at C$3.01.
Wall Street Analysts Forecast Growth
Separately, ATB Capital lowered their price objective on Bitfarms from C$7.00 to C$6.50 in a research report on Thursday, November 14th.
Check Out Our Latest Report on Bitfarms
Bitfarms Price Performance
The company has a market cap of C$1.47 billion, a price-to-earnings ratio of -6.48 and a beta of 3.20. The company has a 50-day simple moving average of C$2.86 and a 200-day simple moving average of C$3.11. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11.
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.
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