Keel Infrastructure Target of Unusually Large Options Trading (NASDAQ:KEEL)

Keel Infrastructure (NASDAQ:KEEL) was the recipient of some unusual options trading activity on Monday. Traders bought 112,107 call options on the stock. This represents an increase of approximately 58% compared to the average daily volume of 70,867 call options.

Keel Infrastructure Stock Performance

KEEL stock traded up $0.68 during mid-day trading on Monday, hitting $6.97. The company had a trading volume of 80,877,154 shares, compared to its average volume of 39,454,328. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -49.61 and a beta of 4.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60. Keel Infrastructure has a 12 month low of $0.70 and a 12 month high of $7.37. The firm’s fifty day moving average is $4.36.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KEEL. Weiss Ratings initiated coverage on Keel Infrastructure in a research note on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald dropped their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Chardan Capital reissued a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Lake Street Capital set a $5.50 price objective on Keel Infrastructure in a research report on Monday, May 11th. Finally, HC Wainwright upped their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.88.

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.