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

On Thursday, December 19th, Brian Howlett, a director at Bitfarms Ltd. (TSE:BITF - Get Free Report), disposed of 30,000 shares of the company’s stock in a transaction. The shares were sold at an average price of C$2.44, resulting in a total transaction value of C$73,200.00.

In addition to this recent sale, Brian Howlett executed another notable transaction earlier in the year. Specifically, on September 27th, he purchased 4,500 shares of Bitfarms at an average cost of C$3.01 per share, making the total expenditure for this acquisition C$13,545.00.

Current Trading Performance of Bitfarms

As of Friday, the stock of Bitfarms Ltd. opened at C$2.43, reflecting a slight decrease of 0.4% on the day. Over the past year, Bitfarms has reached a low of C$2.12 and a high of C$5.25. The current 50-day moving average price stands at C$2.89, while the 200-day moving average price is C$3.11. Financial metrics show that the company has 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, but its price-to-earnings ratio is reported at -4.86, with a beta of 3.20 indicating higher volatility.

Analyst Insights into Bitfarms

On November 14th, ATB Capital adjusted their outlook for Bitfarms by lowering their target price from C$7.00 to C$6.50 in a recent brokerage report.

About Bitfarms Ltd.

Bitfarms Ltd. is a cryptocurrency mining company operating in various countries, including Canada, the United States, Paraguay, and Argentina. The company manages server farms dedicated to validating Bitcoin transactions, generating income through both block rewards and transaction fees. Beyond mining operations, Bitfarms also offers electrical services for both residential and commercial clients in Quebec, Canada.

Additional Information and Resources

For investors considering positions in Bitfarms, it may be beneficial to review top analyst ratings and stock recommendations spanning multiple sectors, as there are potentially superior investment opportunities available.

Brian, Howlett, Bitfarms