Keel Infrastructure (NASDAQ:KEEL) Trading 10.1% Higher – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL)’s share price was up 10.1% during trading on Thursday . The stock traded as high as $4.57 and last traded at $4.6590. Approximately 23,863,226 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 35,203,473 shares. The stock had previously closed at $4.23.

Analysts Set New Price Targets

KEEL has been the topic of a number of research analyst reports. Chardan Capital reissued a “buy” rating and issued a $4.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. HC Wainwright upped their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Cantor Fitzgerald cut their price objective on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Alliance Global Partners reissued a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Weiss Ratings initiated coverage on shares of Keel Infrastructure in a report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.63.

Keel Infrastructure Price Performance

The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -58.00 and a beta of 3.89.

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.