Bitfarms (TSE:BITF) Given New C$6.50 Price Target at ATB Capital

Bitfarms (TSE:BITF) had its price objective reduced by ATB Capital from C$7.00 to C$6.50 in a research report sent to investors on Thursday,BayStreet.CA reports.

Bitfarms Stock Performance

Shares of TSE:BITF traded up C$0.05 during trading on Thursday, reaching C$3.02. 2,273,253 shares of the stock were exchanged, compared to its average volume of 3,788,260. The firm has a market cap of C$1.37 billion, a PE ratio of -6.06 and a beta of 3.20. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35. Bitfarms has a 12 month low of C$1.37 and a 12 month high of C$5.25. The stock has a 50-day moving average price of C$2.79 and a 200-day moving average price of C$3.06.

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.