Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier Purchases 25,000 Shares

Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Philippe Fortier bought 25,000 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of C$2.36 per share, for a total transaction of C$59,000.00.

Bitfarms Trading Up 6.1 %

TSE:BITF traded up C$0.14 on Tuesday, reaching C$2.45. The company's stock had a trading volume of 3,258,642 shares, compared to its average volume of 3,959,319. The firm has a market cap of C$1.11 billion, a price-to-earnings ratio of -4.90 and a beta of 3.20. Bitfarms Ltd. has a 12-month low of C$2.12 and a 12-month high of C$5.25. The stock has a 50 day moving average price of C$2.89 and a 200 day moving average price of C$3.10. The company has a quick ratio of 0.63, a current ratio of 5.11 and a debt-to-equity ratio of 3.35.

Wall Street Analyst Weigh In

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

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.