Insider Buying: Bitfarms Ltd. (TSE:BITF) Director Purchases 4,500 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett acquired 4,500 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of C$3.01 per share, with a total value of C$13,545.00.

Bitfarms Trading Up 2.0 %

BITF stock traded up C$0.06 during trading on Friday, reaching C$3.03. The company had a trading volume of 581,924 shares, compared to its average volume of 3,781,601. 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 52 week low of C$1.26 and a 52 week high of C$5.25. The business has a 50 day moving average of C$3.06 and a 200 day moving average of C$3.07. The company has a market cap of C$1.37 billion, a P/E ratio of -6.06 and a beta of 3.23.

Analyst Ratings Changes

Separately, ATB Capital lifted their price objective on Bitfarms from C$5.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th.

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.