Bitfarms Ltd. (TSE:BITF – Get Free Report)’s share price traded down 1.3% during trading on Friday . The stock traded as low as C$1.54 and last traded at C$1.56. 89,287 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,616,981 shares. The stock had previously closed at C$1.58.
Bitfarms Stock Performance
The stock has a 50-day simple moving average of C$2.04 and a 200-day simple moving average of C$1.69. The company has a debt-to-equity ratio of 11.64, a current ratio of 1.93 and a quick ratio of 0.63. The stock has a market cap of C$424.41 million, a PE ratio of -2.01 and a beta of 3.11.
Insider Buying and Selling at Bitfarms
In other news, Senior Officer Paul Magrath sold 35,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of C$1.92, for a total value of C$67,074.00. 7.10% of the stock is owned by company insiders.
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.
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