Bitfarms Ltd. (TSE:BITF – Get Free Report) shot up 4.7% during mid-day trading on Thursday . The company traded as high as C$3.10 and last traded at C$3.09. 958,870 shares traded hands during trading, a decline of 81% from the average session volume of 5,053,894 shares. The stock had previously closed at C$2.95.
Bitfarms Price Performance
The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of -5.81 and a beta of 3.40. The business’s fifty day moving average price is C$3.51 and its 200-day moving average price is C$2.71. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.88 and a quick ratio of 0.63.
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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