Insider Selling: Bitfarms Ltd. (TSE:BITF) Director Sells 30,000 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett sold 30,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$2.44, for a total value of C$73,200.00.

Brian Howlett also recently made the following trade(s):

• On Friday, September 27th, Brian Howlett acquired 4,500 shares of Bitfarms stock. The stock was acquired at an average price of C$3.01 per share, for a total transaction of C$13,545.00.

Bitfarms Stock Performance

Shares of BITF stock opened at C$2.45 on Wednesday. The stock has a 50-day moving average of C$2.89 and a 200-day moving average of C$3.10. Bitfarms Ltd. has a one year low of C$2.12 and a one year high of C$5.25. The stock has a market cap of C$1.11 billion, a PE ratio of -4.90 and a beta of 3.20. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

Separately, ATB Capital dropped their price objective on Bitfarms from C$7.00 to C$6.50 in a report on Thursday, November 14th.

About Bitfarms

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.