Insider Buying: Bitfarms Ltd. (TSE:BITF) Director Acquires 10,000 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Director Edie Hofmeister acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were bought at an average cost of C$2.30 per share, for a total transaction of C$23,040.00.

Bitfarms Stock Up 0.4 %

Shares of TSE:BITF opened at C$2.39 on Friday. The company’s fifty day moving average is C$2.74 and its 200-day moving average is C$2.93. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11. Bitfarms Ltd. has a 52 week low of C$2.12 and a 52 week high of C$5.25. The company has a market capitalization of C$1.08 billion, a PE ratio of -4.78 and a beta of 3.20.

Analyst Upgrades and Downgrades

Separately, ATB Capital cut their target price on Bitfarms from C$7.00 to C$6.50 in a research 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.