Brian Howlett Buys 6,000 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett purchased 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired 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 shares were sold at an average price of C$2.44, for a total transaction of C$73,200.00.

Bitfarms Stock Performance

TSE:BITF traded down C$0.09 during midday trading on Monday, reaching C$2.25. The stock had a trading volume of 2,611,714 shares, compared to its average volume of 3,949,761. Bitfarms Ltd. has a 1-year low of C$2.12 and a 1-year high of C$5.25. The firm’s fifty day simple moving average is C$2.87 and its 200-day simple moving average is C$3.08. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. The stock has a market capitalization of C$1.02 billion, a P/E ratio of -4.50 and a beta of 3.20.

Wall Street Analysts Forecast Growth

Separately, ATB Capital cut their price target 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.