Bitfarms Ltd. (TSE:BITF) Director Brian Howlett Purchases 6,000 Shares

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett purchased 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$2.19 per share, for a total transaction of C$13,140.00.

Brian Howlett also recently made the following trade(s):

• On Thursday, December 19th, Brian Howlett sold 30,000 shares of Bitfarms stock. The stock was sold at an average price of C$2.44, for a total value of C$73,200.00.

Bitfarms Stock Down 4.7 %

BITF stock opened at C$2.23 on Tuesday. The business’s 50-day moving average is C$2.86 and its two-hundred day moving average is C$3.07. The company has a market cap of C$1.01 billion, a price-to-earnings ratio of -4.46 and a beta of 3.20. Bitfarms Ltd. has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.25. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11.

Analyst Ratings Changes

Separately, ATB Capital reduced their price objective on Bitfarms from C$7.00 to C$6.50 in a report 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.