Bitfarms Ltd. (TSE:BITF) Director Purchases C$113,032.80 in Stock

Bitfarms Ltd. (TSE:BITF) Director Benjamin J. Gagnon purchased 50,000 shares of Bitfarms stock in a transaction on Friday, January 10th. The stock was bought at an average price of C$2.26 per share, with a total value of C$113,032.80.

Bitfarms Stock Up 2.2 %

Shares of BITF stock opened at C$2.32 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. Bitfarms Ltd. has a one year low of C$2.12 and a one year high of C$5.25. The company’s fifty day moving average price is C$2.76 and its 200-day moving average price is C$2.97. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -4.64 and a beta of 3.20.

Wall Street Analyst Weigh In

Separately, ATB Capital reduced their target price on shares of 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.