Bitfarms Ltd. (TSE:BITF) Director Acquires C$23,040.00 in Stock

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

Bitfarms Stock Performance

BITF opened at C$2.39 on Friday. The stock’s 50 day simple moving average is C$2.74 and its 200-day simple moving average is C$2.93. The company has a current ratio of 5.11, a quick ratio of 0.63 and a debt-to-equity ratio of 3.35. The stock has a market cap of C$1.08 billion, a PE ratio of -4.78 and a beta of 3.20. Bitfarms Ltd. has a 1 year low of C$2.12 and a 1 year high of C$5.25.

Analysts Set New Price Targets

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