Bitfarms Ltd. (TSE:BITF) Director Sells C$37,121.16 in Stock

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

Bitfarms Trading Down 0.9 %

Shares of BITF opened at C$1.06 on Tuesday. Bitfarms Ltd. has a twelve month low of C$0.98 and a twelve month high of C$4.49. The company has a current ratio of 3.70, a quick ratio of 0.63 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of C$371.76 million, a P/E ratio of -2.39 and a beta of 3.20. The firm’s 50-day moving average is C$1.69 and its two-hundred day moving average is C$2.35.

Analysts Set New Price Targets

Separately, ATB Capital reduced their target price on Bitfarms from C$6.50 to C$3.75 and set an “outperform” rating for the company in a report on Friday, March 28th.

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.