Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett acquired 4,500 shares of the business's stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of C$3.01 per share, with a total value of C$13,545.00.
Bitfarms Price Performance
TSE:BITF traded up C$0.06 during midday trading on Friday, hitting C$3.03. The company had a trading volume of 581,924 shares, compared to its average volume of 3,781,601. The company has a market capitalization of C$1.37 billion, a PE ratio of -6.06 and a beta of 3.23. 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 52-week low of C$1.26 and a 52-week high of C$5.25. The stock's fifty day moving average price is C$3.06 and its 200-day moving average price is C$3.07.
Analysts Set New Price Targets
Separately, ATB Capital boosted their price target on shares of Bitfarms from C$5.00 to C$7.50 and gave the stock an "outperform" rating in a research note on Wednesday, June 19th.
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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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