Bitfarms Ltd. (TSE:BITF) Director Brian Howlett Acquires 6,000 Shares

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett purchased 6,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$2.19 per share, with a total value of C$13,140.00.

Brian Howlett also recently made the following trade(s):

• On Thursday, December 19th, Brian Howlett sold 30,000 shares of Bitfarms stock. The shares were sold at an average price of C$2.44, for a total transaction of C$73,200.00.

Bitfarms Stock Down 4.7 %

Shares of BITF traded down C$0.11 during mid-day trading on Monday, hitting C$2.23. 2,938,777 shares of the company's stock were exchanged, compared to its average volume of 3,951,791. The company has a quick ratio of 0.63, a current ratio of 5.11 and a debt-to-equity ratio of 3.35. Bitfarms Ltd. has a twelve month low of C$2.12 and a twelve month high of C$5.25. The firm has a fifty day moving average of C$2.86 and a two-hundred day moving average of C$3.07. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of -4.46 and a beta of 3.20.

Wall Street Analysts Forecast Growth

Separately, ATB Capital lowered their price objective on shares of Bitfarms from C$7.00 to C$6.50 in a research report on Thursday, November 14th.

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.