Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Paul Magrath sold 6,178 shares of Bitfarms stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$2.96, for a total transaction of C$18,286.88.
Bitfarms Stock Down 3.4 %
BITF stock opened at C$2.83 on Friday. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.88 and a quick ratio of 0.63. Bitfarms Ltd. has a 1-year low of C$1.15 and a 1-year high of C$5.25. The firm has a fifty day moving average price of C$3.53 and a two-hundred day moving average price of C$2.77. The firm has a market cap of C$945.64 million, a price-to-earnings ratio of -5.24 and a beta of 3.40.
Analyst Upgrades and Downgrades
Separately, ATB Capital set a C$6.50 price target on shares of Bitfarms and gave the stock an "outperform" rating in a research note on Monday, April 1st.
Read Our Latest Stock Report on Bitfarms
Bitfarms Company Profile
(
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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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