Bitfarms Ltd. (TSE:BITF) Director Buys C$113,032.80 in Stock

Bitfarms Ltd. (TSE:BITF) Director Benjamin J. Gagnon acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of C$2.26 per share, for a total transaction of C$113,032.80.

Bitfarms Trading Up 2.2 %

BITF opened at C$2.32 on Monday. The stock has a market capitalization of C$1.05 billion, a PE ratio of -4.64 and a beta of 3.20. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. Bitfarms Ltd. has a 12-month low of C$2.12 and a 12-month high of C$5.25. The firm’s fifty day moving average price is C$2.76 and its 200 day moving average price is C$2.96.

Analyst Upgrades and Downgrades

Separately, ATB Capital dropped their price target on shares of Bitfarms from C$7.00 to C$6.50 in a research note on Thursday, November 14th.

About Bitfarms

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.