Bitfarms Ltd. (TSE:BITF) Director Brian Howlett Sells 32,001 Shares

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett sold 32,001 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$1.16, for a total transaction of C$37,121.16.

Bitfarms Stock Down 0.9 %

Shares of TSE BITF opened at C$1.06 on Tuesday. The business has a 50-day moving average price of C$1.69 and a 200 day moving average price of C$2.35. The stock has a market cap of C$371.76 million, a PE ratio of -2.39 and a beta of 3.20. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. Bitfarms Ltd. has a 52-week low of C$0.98 and a 52-week high of C$4.49.

Analysts Set New Price Targets

Separately, ATB Capital cut their price target on shares of Bitfarms from C$6.50 to C$3.75 and set an “outperform” rating on the stock in a research note on Friday, March 28th.

Bitfarms Company Profile

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.