Bitfarms Ltd. (TSE:BITF) Senior Officer Sells C$96,114.02 in Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) Senior Officer Jeffrey Lucas sold 88,178 shares of Bitfarms stock in a transaction that occurred on 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 Performance

Bitfarms stock opened at C$1.16 on Tuesday. Bitfarms Ltd. has a 12-month low of C$0.96 and a 12-month high of C$4.49. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63. The stock has a market capitalization of C$406.84 million, a PE ratio of -2.61 and a beta of 3.20. The firm has a 50 day simple moving average of C$1.47 and a 200-day simple moving average of C$2.21.

Analysts Set New Price Targets

Separately, ATB Capital reduced their price target on Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating for the company in a research report on Friday, March 28th.

Get Our Latest Report on BITF

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.

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