Insider Buying: Bitfarms Ltd. (TSE:BITF) Senior Officer Buys 10,000 Shares of Stock

Bitfarms Ltd. (TSE:BITFGet Free Report) Senior Officer Philippe Fortier bought 10,000 shares of Bitfarms stock in a transaction on Thursday, December 26th. The shares were bought at an average cost of C$2.40 per share, with a total value of C$24,048.00.

Philippe Fortier also recently made the following trade(s):

  • On Tuesday, December 24th, Philippe Fortier acquired 25,000 shares of Bitfarms stock. The stock was purchased at an average price of C$2.36 per share, with a total value of C$59,000.00.

Bitfarms Price Performance

TSE:BITF opened at C$2.34 on Monday. Bitfarms Ltd. has a 52-week low of C$2.12 and a 52-week high of C$5.25. The stock has a fifty day moving average of C$2.87 and a 200 day moving average of C$3.08. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -4.68 and a beta of 3.20.

Analysts Set New Price Targets

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

View Our Latest Analysis on Bitfarms

About Bitfarms

(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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Insider Buying and Selling by Quarter for Bitfarms (TSE:BITF)

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