Philippe Fortier Purchases 25,000 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier bought 25,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average cost of C$2.36 per share, with a total value of C$59,000.00.

Bitfarms Price Performance

Shares of BITF traded up C$0.14 during trading hours on Tuesday, reaching C$2.45. The company had a trading volume of 3,258,642 shares, compared to its average volume of 3,959,319. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -4.90 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 firm has a 50 day simple moving average of C$2.89 and a 200-day simple moving average of C$3.10. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35.

Analysts Set New Price Targets

Separately, ATB Capital dropped their price objective on 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.