Bitfarms Ltd. (TSE:BITF) Senior Officer Buys C$24,048.00 in Stock

Bitfarms Ltd. (TSE:BITF) Senior Officer Philippe Fortier purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of C$2.40 per share, with a total value of C$24,048.00.

Philippe Fortier also recently made the following trade(s):

• On Tuesday, December 24th, Philippe Fortier acquired 25,000 shares of Bitfarms stock. The shares were bought at an average price of C$2.36 per share, for a total transaction of C$59,000.00.

Bitfarms Price Performance

TSE BITF opened at C$2.34 on Friday. Bitfarms Ltd. has a 12 month low of C$2.12 and a 12 month high of C$5.25. The firm has a market capitalization of C$1.06 billion, a PE ratio of -4.68 and a beta of 3.20. The company’s 50 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.

Analysts Set New Price Targets

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