Jeffrey Lucas Sells 88,178 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Jeffrey Lucas sold 88,178 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of C$1.09, for a total value of C$96,114.02.

Bitfarms Stock Up 2.8 %

Shares of TSE:BITF traded up C$0.04 during mid-day trading on Friday, hitting C$1.45. 872,996 shares of the company traded hands, compared to its average volume of 2,317,642. The stock has a market cap of C$508.54 million, a P/E ratio of -3.26 and a beta of 3.20. The stock has a 50-day moving average price of C$1.43 and a two-hundred day moving average price of C$2.19. Bitfarms Ltd. has a 12-month low of C$0.96 and a 12-month high of C$4.49. The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68.

Wall Street Analyst Weigh In

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

Bitfarms Company Profile

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.