Keel Infrastructure (NASDAQ:KEEL) Shares Up 8.9% – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL)’s share price traded up 8.9% during mid-day trading on Wednesday . The company traded as high as $5.59 and last traded at $5.5850. 41,927,560 shares were traded during mid-day trading, an increase of 18% from the average session volume of 35,578,922 shares. The stock had previously closed at $5.13.

Analyst Ratings Changes

KEEL has been the topic of several analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Chardan Capital reiterated a “buy” rating and issued a $4.50 price objective on shares of Keel Infrastructure in a research report on Monday, May 11th. Cantor Fitzgerald reduced their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Weiss Ratings started coverage on shares of Keel Infrastructure in a research note on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.63.

Keel Infrastructure Stock Performance

The stock has a market capitalization of $3.32 billion, a PE ratio of -39.39 and a beta of 3.89. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37.

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.