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

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett purchased 6,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was bought 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 transaction of C$73,200.00.

Bitfarms Price Performance

Shares of TSE:BITF traded down C$0.09 during midday trading on Monday, reaching C$2.25. 2,611,714 shares of the company’s stock were exchanged, compared to its average volume of 3,949,761. The company’s 50 day simple moving average is C$2.87 and its two-hundred day simple moving average is C$3.08. The firm has a market capitalization of C$1.02 billion, a PE ratio of -4.50 and a beta of 3.20. Bitfarms Ltd. has a 12 month low of C$2.12 and a 12 month 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.

Wall Street Analysts Forecast Growth

Separately, ATB Capital reduced their price objective on shares of 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.