Bitfarms Ltd. (TSE:BITF) Director Benjamin J. Gagnon Acquires 50,000 Shares

Bitfarms Ltd. (TSE:BITF) Director Benjamin J. Gagnon purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average price of C$2.26 per share, for a total transaction of C$113,032.80.

Bitfarms Stock Up 2.2 %

BITF opened at C$2.32 on Friday. The stock has a fifty day moving average of C$2.76 and a 200-day moving average of C$2.96. The company has a market capitalization of C$1.05 billion, a P/E ratio of -4.64 and a beta of 3.20. Bitfarms Ltd. has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.25. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.63 and a current ratio of 5.11.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their target price on 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.