Bitfarms Ltd. (TSE:BITF – Get Free Report) was down 0.7% during trading on Wednesday . The company traded as low as C$2.74 and last traded at C$2.75. Approximately 79,754 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 3,812,447 shares. The stock had previously closed at C$2.77.
Wall Street Analysts Forecast Growth
Separately, ATB Capital lifted their price objective on shares of Bitfarms from C$5.00 to C$7.50 and gave the company an “outperform” rating in a report on Wednesday, June 19th.
View Our Latest Research Report on Bitfarms
Bitfarms Price Performance
The company has a market cap of C$1.22 billion, a PE ratio of -5.65 and a beta of 3.23. The company has a debt-to-equity ratio of 3.35, a current ratio of 5.11 and a quick ratio of 0.63. The stock’s 50-day moving average is C$3.18 and its 200 day moving average is…
