Bitfarms Ltd. (TSE:BITF) Senior Officer Buys C$24,048.00 in Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of C$2.40 per share, for a total transaction of C$24,048.00.

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

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

Bitfarms Price Performance

BITF opened at C$2.34 on Monday. The firm has a 50-day moving average price of C$2.87 and a 200-day moving average price of C$3.08. Bitfarms Ltd. has a twelve month low of C$2.12 and a twelve month high of C$5.25. The company has a quick ratio of 0.63, a current ratio of 5.11 and a debt-to-equity ratio of 3.35. The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -4.68 and a beta of 3.20.

Wall Street Analyst Weigh In

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