Bitfarms Ltd. (TSE:BITF – Get Free Report)’s share price was down 4.7% during mid-day trading on Friday . The company traded as low as C$3.98 and last traded at C$4.07. Approximately 357,436 shares were traded during trading, a decline of 91% from the average daily volume of 4,191,484 shares. The stock had previously closed at C$4.27.
Wall Street Analyst Weigh In
Separately, ATB Capital boosted their target price on shares of Bitfarms from C$5.00 to C$7.50 and gave the company an “outperform” rating in a research note on Wednesday.
Read Our Latest Stock Report on BITF
Bitfarms Trading Down 5.2 %
Insider Transactions at Bitfarms
In other Bitfarms news, insider Riot Platforms, Inc. bought 52,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of C$2.14 per share, for a total transaction of C$112,564.00. Company insiders own 4.42% of the company’s stock.
Bitfarms Company Profile
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.
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