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

Bitfarms Ltd. (TSE:BITF) Director Edie Hofmeister purchased 10,000 shares of Bitfarms stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average price of C$2.30 per share, for a total transaction of C$23,040.00.

Bitfarms Stock Performance

Shares of TSE BITF traded up C$0.05 during mid-day trading on Tuesday, hitting C$2.27. The company had a trading volume of 2,235,922 shares, compared to its average volume of 2,875,730. Bitfarms Ltd. has a 1 year low of C$2.12 and a 1 year high of C$5.25. 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 company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -4.54 and a beta of 3.20. The stock’s 50-day moving average price is C$2.75 and its 200-day moving average price is C$2.94.

Analysts Set New Price Targets

Separately, ATB Capital reduced their price target 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.