Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Benjamin J. Gagnon bought 50,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of C$2.26 per share, for a total transaction of C$113,032.80.
Bitfarms Trading Up 2.2 %
BITF traded up C$0.05 during midday trading on Friday, reaching C$2.32. 2,613,183 shares of the company were exchanged, compared to its average volume of 3,042,324. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. The stock has a market capitalization of C$1.05 billion, a P/E ratio of -4.64 and a beta of 3.20. The stock's 50-day simple moving average is C$2.76 and its 200 day simple moving average is C$2.97. Bitfarms Ltd. has a one year low of C$2.12 and a one year high of C$5.25.
Analysts Set New Price Targets
Separately, ATB Capital decreased their price objective on shares of Bitfarms from C$7.00 to C$6.50 in a research note on Thursday, November 14th.
Check Out Our Latest Research Report on Bitfarms
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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