Insider Buying: Bitfarms Ltd. (TSE:BITF) Director Acquires 4,500 Shares of Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) Director Brian Howlett purchased 4,500 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of C$3.01 per share, for a total transaction of C$13,545.00.

Bitfarms Trading Up 2.0 %

Shares of Bitfarms stock opened at C$3.03 on Friday. The stock has a market cap of C$1.37 billion, a PE ratio of -6.18 and a beta of 3.23. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35. The company has a 50-day moving average of C$3.06 and a two-hundred day moving average of C$3.07. Bitfarms Ltd. has a 12-month low of C$1.26 and a 12-month high of C$5.25.

Analyst Ratings Changes

Separately, ATB Capital raised their target price on Bitfarms from C$5.00 to C$7.50 and gave the company an "outperform" rating in a report on Wednesday, June 19th.

Get Our Latest Stock Analysis on Bitfarms

Bitfarms Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Bitfarms (TSE:BITF)

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