Brian Howlett Sells 30,000 Shares of Bitfarms Ltd. (TSE:BITF) Stock

On December 19th, Brian Howlett, a Director at Bitfarms Ltd. (TSE:BITF - Get Free Report), sold 30,000 shares of the company's stock. This transaction was made at an average price of C$2.44 per share, resulting in a total value of C$73,200.00.

In addition to this sale, Brian Howlett had carried out another trading activity recently. On September 27th, he acquired 4,500 shares of Bitfarms stock, buying them at an average price of C$3.01 for a total expenditure of C$13,545.00.

Current Performance of Bitfarms Stock

As of the most recent trading day on Friday, the stock opened at C$2.43. Bitfarms Ltd. has experienced a 52-week low of C$2.12 and a high of C$5.25 during this period. The stock's 50-day moving average stands at C$2.89, while the 200-day moving average is C$3.11. Financial details showcase a debt-to-equity ratio of 3.35, a quick ratio of 0.63, and a current ratio of 5.11. Bitfarms holds a market capitalization of C$1.10 billion and a price-to-earnings ratio of -4.86, with a beta of 3.20, indicating its volatility compared to the broader market.

Market Analysts' Outlook

In a recent update, ATB Capital revised their target price for Bitfarms shares from C$7.00 down to C$6.50, reflecting their assessment of the company's stock performance.

About Bitfarms Ltd.

Bitfarms Ltd. primarily engages in mining cryptocurrency coins and tokens in various countries including Canada, the United States, Paraguay, and Argentina. The company operates server farms that are crucial in validating transactions on the Bitcoin blockchain, earning rewards in cryptocurrency through block rewards and transaction fees. In addition to its core mining operations, Bitfarms also provides electrician services both to commercial enterprises and residential customers in Quebec, Canada.

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Considerations for Potential Investors

Before making any investment decisions regarding Bitfarms, potential investors should carefully evaluate the company's financial standing and market performance. Analysts are tracking various stocks that they believe may offer better investment opportunities at this time.

Bitfarms, Stocks, Investment