Insider Selling: Bitfarms (TSE:BITF) Director Sells 88,239 Shares of Stock

Bitfarms Ltd. (TSE:BITF) Director Brian Howlett sold 88,239 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of C$4.30, for a total value of C$379,427.70. Following the transaction, the director directly owned 144,946 shares in the company, valued at approximately C$623,267.80. This trade represents a 37.84% decrease in their position.

Brian Howlett also recently made the following trade(s):

• On Wednesday, January 14th, Brian Howlett sold 30,000 shares of Bitfarms stock. The shares were sold at an average price of C$4.12, for a total value of C$123,600.00.

Bitfarms Stock Performance

Shares of TSE BITF traded down C$0.25 during midday trading on Wednesday, hitting C$4.09. 6,252,445 shares of the company’s stock were exchanged, compared to its average volume of 5,404,297. The company has a quick ratio of 0.63, a current ratio of 3.70 and a debt-to-equity ratio of 4.68. Bitfarms Ltd. has a 12 month low of C$0.96 and a 12 month high of C$9.27. The company’s 50 day moving average price is C$3.98 and its 200 day moving average price is C$3.44. The firm has a market capitalization of C$2.45 billion, a PE ratio of -17.78 and a beta of 5.90.

Bitfarms (TSE:BITF) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.15) earnings per share for the quarter. Bitfarms had a negative net margin of 69.20% and a negative return on equity of 30.76%. The business had revenue of C$96.42 million during the quarter. As a group, analysts predict that Bitfarms Ltd. will post 0.0339165 earnings per share for the current fiscal year.

About Bitfarms

Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.